The Restatement (Third) of Trusts

The Restatement (Third) of Trusts is a comprehensive legal guide that clarifies how trust laws work. It explains the rights, responsibilities, and roles of trustees (who manage the trust), beneficiaries (who benefit from it), and other parties involved. The Restatement aims to promote consistency and fairness in trust administration across different jurisdictions by setting clear principles and standards. While not legally binding itself, courts often reference it to interpret and apply trust law, helping ensure trusts are managed properly and in accordance with legal principles.