declaration of trust


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declaration of trust

A written statement that one who holds the legal title to property does so in trust for another,being the beneficiary.

References in periodicals archive ?
Sadly the relationship ended in divorce and we were told the declaration of trust would be ignored by the family court and our gift would form part of the assets of the marriage.
A declaration of trust is a document which sets out the shares that each owner has in the property.
Ultimately, therefore, a declaration of trust, or second charge, while advisable, may not be possible.
If you bought your house using the standard pre-1998 transfer deed without any express declaration of trust there will still be a presumption of equality.
The notice was issued pursuant to certain clauses of the declaration of trust and agency, signed on May 15, 2007 between Golden Belt 1 Sukuk Company, in its capacity as issuer and trustee, Citicorp Trustee Company Limited, the trustee, and Saad Trading, Contracting and Financial Services Company (Saad), the Golden Belt 1 Sukuk Company said.
Marc Phillips, head of BBC Children in Need in Wales, said the grand total was a "phenomenal declaration of trust by fundraisers the length and breadth of Wales".
She said: "They should have a Declaration of Trust drawn up to protect their interest.
Armed with these tools, you can create a valid Declaration of Trust yourself.
The declaration of trust is the primary source of governance provisions for the trust.
Mr Guterman was a director of the club at the time of the critical transaction, in July 2002, when a declaration of trust was signed transferring the stadium's freehold to Crucialmove.
The Rasmuson Foundation was created under a declaration of trust in May of 1955 by Jenny Rasmuson to honor her late husband, E.
2] The distinction between a declaration of trust and a transfer to trust has not been overlooked by Florida courts.
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