Document background
The Pocket Deed of Trust is specifically designed for situations where a straightforward trust arrangement needs to be established under Canadian law without the complexity of a full trust deed. This document type is particularly useful for settling smaller trusts, creating family trusts with straightforward terms, or establishing bare trusts for specific purposes. The Pocket Deed of Trust includes all legally required elements such as clear identification of parties, trust property, and distribution terms, while maintaining a concise format. It is commonly used in Canadian provinces where a more streamlined trust instrument is appropriate, particularly in scenarios where the trust arrangement is relatively straightforward and doesn't require extensive provisions for complex asset management or distribution schemes.
