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be revocable, which indicates that changes can be made during the grantor's lifetime, or irrevocable, which cannot be rescinded or cancelled.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.
Lawyers with backgrounds working on trust under agreements work with clients to help. Do you need help with a trust under agreement?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate trust under agreements. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.