Definition of "Trust agreement"

Marianne Sipple real estate agent

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Marianne Sippleelite badge icon

Weichert, Realtors - McLean

Legal document setting out the rules to be followed by a trustee in administering assets of a trust. The trust agreement may limit investment of trust assets to specified types of securities, for example, or provide for distribution of the trust principal or earnings to a beneficiary of trust only under certain circumstances.

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