A formal agreement through which a person called fiduciary transfers ownership rights (title) to one or more assets to one or more persons called trustees for the conservation and protection of one or more beneficiaries of the trust instrument. It usually indicates the first (1) purpose for which the trust was established and whose fulfillment will end with the trust, (2) details of the assets held by the trust, (3) powers and limitations of the trustees, and (4) also You can specify the distribution of the trustees, if applicable. That trust agreement that owns real estate requires its exact description and the express written consent of the trust so that the trust is valid.
