What is a trust deed?

A trust deed is a legal document that sets up a trust agreement in the state of Washington. Trusts are an arrangement in which one party (the trustor) holds property or assets for the benefit of another party (the beneficiary). The trust deed specifies the terms of the trust agreement, including who owns the trust property, who the beneficiaries are, the duties of the trustee, and the distribution of the trust assets upon the termination of the trust. Depending on the type of trust, the trust deed may also provide for the payment of income, the power of appointment, and other details of the trust. A trust deed must be formally created, signed, and recorded to be legally valid. Once the trust has been legally established, the trustee must manage it in accordance with the trust deed’s terms and the law. Trust deeds are an important part of trusts and estates law, allowing people to pass on their property and assets to their beneficiaries.

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What is a trust deed?

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