declaration of trust
AUTHORITATIVE ESTABLISHMENT OF FACT
Declaration of trust; Negative declaration; Declaratory; Declaratory law
n. the document signed by a trustor (settlor) creating a trust into which assets are placed, a trustee is appointed to manage the trust (who may be the party who created the trust), the powers and duties of management of the principal and profits of the trust are stated, and distribution of profits and principal is spelled out.
See also: settlor trust trustee trustor