Declaration of trust
A declaration of trust is a statement of acknowledgment by the holder of a legal or equitable interest in property that their property is being held on trust for another person (the beneficiary) or for certain specified purposes. A declaration of trust is a way to bring a trust into legal being, and is necessary where the owner of the property is also the trustee (not a trust by transfer).
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Additional reading:
The Complete Guide to Trading Trusts for small and medium-sized business