A business trust is an unincorporated business organization created by a trust instrument. It is an alternative to a corporation or partnership structures, allowing the trustee to manage the trust's assets for beneficiaries.
A Trust Agreement, also known as a Trust Instrument, is a legal document that sets up a trust and outlines the rules that must be followed by the trustee and the beneficiaries.
A trust instrument is a legal document that creates a trust and stipulates its terms, trustee, beneficiaries, income, and corpus disposition.
