Document background
The Joint Trust Agreement is a sophisticated legal instrument used in Canadian trust law to establish and govern trusts with multiple trustees. This document is particularly relevant when multiple parties need to share trustee responsibilities, such as in family trusts, charitable trusts, or complex estate planning arrangements. It becomes essential when assets need to be managed collaboratively for the benefit of designated beneficiaries while ensuring compliance with Canadian federal and provincial trust laws. The agreement includes detailed provisions for trustee powers, decision-making processes, asset management, beneficiary rights, and trust administration. It's commonly used in situations requiring shared control and oversight of trust assets, whether for family wealth preservation, charitable purposes, or business succession planning.
