The Massachusetts Decree of Trust Estate is a legal document that enables a settler (creator of the trust) to designate an individual or entity as a trustee, with the responsibility of managing the trust’s assets on behalf of the trust beneficiaries. The document outlines the purpose of the trust, the roles and responsibilities of the trustee, the procedure for dealing with trust assets, and the rights and obligations of the beneficiaries. It also sets out the terms of the trust, including how the assets are to be distributed upon the death of the settler or the termination of the trust. There are two types of Massachusetts Decree of Trust Estate: revocable and irrevocable. A revocable trust allows the settler to change or revoke the trust at any time, while an irrevocable trust cannot be amended or revoked once it has been created.
Massachusetts Decree of Trust Estate
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How to fill out Massachusetts Decree Of Trust Estate?
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