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What is a Trust Under Agreement?
A trust under agreement is a type of trust where the grantor and the trustee are different people and the trustee controls the trust assets. This type of trust can either be revocable, which indicates that changes can be made during the grantor's lifetime, or irrevocable, which cannot be rescinded or cancelled. The significance of a trust under agreement is to set apart the type of trust from an under declaration of trust agreement, which is defined as a trust where the grantor and trustee are the same person.
The trust under agreement makes it possible for a trustee to be in control of the trust's assets, even though that individual is not the grantor.
Who Helps With Trust Under Agreements?
Lawyers with backgrounds working on trust under agreements work with clients to help. Do you need help with a trust under agreement?
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