A joinder agreement expresses a donor’s consent to disperse the funds of a trust account and make investments on behalf of the trust as outlined in the master trust agreement.
The trust’s donor and the manager of the trust execute the joinder agreement for it to be valid and legal.
Joinder agreements designate a trust manager and list parties who may disperse the trust’s funds to the beneficiary.
Joinder agreements are legally binding once they are executed by each party to the agreement.
The legal definition of a joinder agreement varies by state. Consult an attorney for your state’s statues and procedures regarding trust funds.
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