What is a trust indenture?

A trust indenture is a legally binding contract that defines how a trust is to be operated. It is often drafted by a lawyer or trust company and is designed to protect the interests of those involved in the trust. In Washington, a trust indenture is a document which outlines the rights and duties of the people involved in the trust. It also specifies the terms and conditions of the trust, such as who will receive income or assets held in the trust, how the assets are to be managed and distributed, when distributions can be made, and any other relevant details. The trust indenture is signed by the grantor, or creator of the trust, and by the trustee, who is responsible for administering the trust according to the terms of the trust indenture. The trust indenture is an important document as it sets out the rights and obligations of the parties involved in the trust. It also outlines the rules that the trustee must follow, such as the types of investments that the trustee can make, when they can make distributions, and any restrictions on how the trust assets can be used. In short, a trust indenture is a legally binding document which outlines the terms and conditions of a trust in Washington. It is used to protect the interests of the parties involved in the trust, and to ensure that the trust is managed according to the wishes of the grantor.

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What is a trust indenture?

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