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Declaration Of Trust

Declaration Of Trust

A declaration of trust under U.S. law is a document or an oral statement appointing a trustee to oversee assets being held for the benefit of one or more other individuals. These assets are held in a trust.

The document or statement also contains details of the trust's purpose, its beneficiaries, and how it will be managed by the trustee.

The declaration of trust is sometimes referred to as a nominee declaration.

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