What is a trust fund agreement?

A trust fund agreement is a legal document that establishes a trust fund in the state of Oregon. It outlines the conditions, rights, and responsibilities of the parties involved in the trust fund, such as the creator, beneficiary, and trustee. The creator of the trust is the person who sets up the trust and provides funds or assets that will be managed by the trustee. The trustee is the individual or organization responsible for managing the assets in the trust. The beneficiary is the person or entity that will receive the assets when the trust is terminated. The trust fund agreement contains the terms and conditions that govern how the trust operates in the state of Oregon. It outlines how the trustee will invest the assets, when the beneficiaries may receive distributions, how the trust may be altered or terminated, and any other relevant conditions. This agreement is legally binding and must be followed in order for the trust fund to operate according to the wishes of the creator. The trust fund agreement is an important legal document that provides guidance to the trustee and protections to all of the parties involved in the trust. It ensures that the trust assets are managed responsibly in accordance with the wishes of the creator of the trust.

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