What is a trust document?

A trust document is a legal document that outlines the details of a trust, which is a legal arrangement that allows a person, known as the grantor, to give their assets to another person, known as the trustee, who is responsible for managing the assets for the benefit of the grantor’s designated beneficiaries. The trust document serves as a written contract that sets out all the terms and conditions of the trust, including the grantor’s wishes regarding how the trust assets should be managed and distributed. The trust document will also typically include information about the trustees, such as who they are and what they are expected to do, and any other details the grantor wishes to include. In California, the trust document must be signed by both the grantor and the trustee in order for the trust to be legally established. This ensures that all parties involved are in agreement about what is expected of them and how the trust assets should be managed and distributed.

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