A declaration of trust is the document that establishes a legal trust. It also defines the major elements of the entity, such as the beneficiaries and trustees. Once a trust has been established, a ...

In the recent case of Schaddelee as Cotrustee of Ronald Schaddelee Irrevocable Trust v. Deleon as Cotrustee of Ronald Schaddelee Irrevocable Trust, 2023 WL 4143639 (Mich Ct App Jun 22, 2023) ...

Assume lawyer (agent) drafts for client (principal) a revocable trust declaration that designates lawyer as successor trustee and confirms trustee’s entitlement to compensation. As lawyer seeks to ...