Legal Definition and Related Resources of Declaration of trust
Meaning of Declaration of trust
The act by which an individual acknowledges that a property, the title of which he holds, does in fact belong to another, for whose use he holds the same. The instrument in which such an acknowledgment is made.
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| Declaration Of Trust in the Dictionary | Declaration Of Trust in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Declaration Of Trust |
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| Related topics | Declaration Of Trust in the World Encyclopedia of Law |
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This definition of Declaration Of Trust is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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| https://legaldictionary.lawin.org/declaration-of-trust/ | The URI of Declaration Of Trust (more about URIs) |
See also
Trust Instrument in the American legal Encyclopedia
Trust Declaration in the American legal Encyclopedia
English Legal System: Declaration of Trust
In the context of the English law, A Dictionary of Law provides the following legal concept of Declaration of Trust : A statement indicating that property is to be held on trust. No specific words are necessary, as long as the intention to declare a trust is made clear. Once a declaration of trust is made, the person intended to be trustee still holds the property but is not entitled to hold it for his own benefit. A declaration of a trust where the trust property is land is subject to certain formalities, detailed in the Law of Property Act 1925 (s.53).
Concept of Declaration of Trust in the context of Real Property
A short definition of Declaration of Trust: A written acknowledgement by one holding legal title to property that the property is held in trust for the benefit of another.
Concept of Declaration of Trust in the context of Real Property
A short definition of Declaration of Trust: A written acknowledgement by one holding legal title to property that the property is held in trust for the benefit of another.
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