When related to property, the declaration can be as simple as "I, John Smith, declare that I hold the Property described as [ADDRESS] on trust for my wife Jane Smith absolutely". In this example, John is declaring he holds the property on trust for Jane and Jane is entitled to all equitable benefit from the property, and all income from it belongs to her as the 100% Beneficial owner of the property. In the declaration of trust template example above, the term 'absolutely' means that there are no additional clauses that you would find in a deed of trust. If there were additional conditions set out within the declaration, then the word absolutely wouldn't be stated. If the beneficial interest isn't held absolutely, then the declaration should state the percentage each beneficial owner has (for example, Andrew owns 40% of the beneficial interest, and Jane owns 60%).