declaration of trust

declaration of trust
A means whereby an owner of property may create a trust therein, consisting of his voluntary statement indicating or manifesting his intention to create a trust, which equity will regard as a transfer of title, notwithstanding there is no transfer of the subject matter, subject to the requirement of a writing where the nature of the property and the conditions of the transaction bring it within the statute of frauds. 54 Am J1st Trusts § 61; a judgment or decree declaring the existence of a trust. 54 Am J1st Trusts § 628.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • declaration of trust — see declaration 4 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. declaration of trust …   Law dictionary

  • declaration of trust — declaˌration of ˈtrust noun declarations of trust PLURALFORM [countable usually singular] LAW PROPERTY a statement in which a trustee officially says that property is held for someone: • As both the husband and the wife have an interest in the… …   Financial and business terms

  • Declaration of trust — Declaration Dec la*ra tion, n. [F. d[ e]claration, fr. L. declaratio, fr. declarare. See {Declare}.] 1. The act of declaring, or publicly announcing; explicit asserting; undisguised token of a ground or side taken on any subject; proclamation;… …   The Collaborative International Dictionary of English

  • Declaration Of Trust — A statement made by the title holder of a piece of property that the property is being held for the benefit of another person. The property is placed in a trust, with a trustee overseeing the asset. The declaration outlines who the trust is in… …   Investment dictionary

  • declaration of trust — or declaration of use : a usually written acknowledgment by one holding or taking title to property that he holds the property in trust for or to the use of another …   Useful english dictionary

  • declaration of trust — agreement which puts property into the hands of a trustee …   English contemporary dictionary

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • declaration — dec·la·ra·tion n 1: the act of declaring declaration of dividends declaration of war 2 a: the first pleading in a common law action compare complaint …   Law dictionary

  • trust declaration — See: declaration of trust Category: Wills, Trusts & Estates → Estate Tax Category: Wills, Trusts & Estates → Living Wills & Medical Powers of Attorney Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”