What is a Trust Provision?

A trust provision is a specific clause or provision in a trust agreement that outlines the rules and conditions for the management and distribution of the trust assets. A trust provision may address a variety of issues, including the duties and responsibilities of the trustee, the powers of the trustee, the distribution of trust assets to the beneficiaries, and the circumstances under which the trust can be amended or terminated.

Trust provisions are an important part of the trust agreement because they provide the framework for the management and distribution of the trust assets, and they help ensure that the trust is administered in accordance with the settlor's wishes and goals. The provisions of the trust agreement are legally binding and enforceable, so it is important to carefully consider the terms and conditions before creating a trust.