Terms of a Trust

The terms of a trust are the manifestation of the grantor’s intent with respect to the management of the trust and distribution of assets. Usually this is articulated in writing in the trust instrument. This can include information and details such as who receives which portions of particular assets, at what time, and subject to what conditions. The manifestation may also be established by other evidence that would be admissible in a judicial proceeding.

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Reference: Terms of a Trust