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House Trust Deed
"I need a House Trust Deed for three Dubai residential properties to be held in trust for my minor children, with my sister as trustee and specific provisions for income distribution when each child turns 21, starting from March 2025."
1. Parties: Identifies and defines the Settlor, Trustee(s), and Beneficiaries with their full legal names and addresses
2. Background: Explains the context and purpose of creating the trust, including the Settlor's intention to create a trust over the specified property
3. Definitions: Defines key terms used throughout the deed including Property, Trust Period, Trust Fund, and other relevant terminology
4. Declaration of Trust: Formal declaration establishing the trust and confirming the transfer of the property to the Trustee(s)
5. Trust Property: Detailed description of the property being placed in trust, including legal description and title details
6. Powers and Duties of Trustees: Comprehensive list of trustees' powers and responsibilities in managing the trust property
7. Rights of Beneficiaries: Specifies the rights, interests, and entitlements of the beneficiaries under the trust
8. Trust Administration: Details the operational aspects of managing the trust, including decision-making processes and administrative procedures
9. Duration and Termination: Specifies the trust period and circumstances under which the trust may be terminated
10. Governing Law and Jurisdiction: Confirms UAE law as governing law and specifies jurisdiction for dispute resolution
1. Appointment and Removal of Trustees: Used when specific procedures for changing trustees are desired beyond statutory provisions
2. Income Distribution Rules: Include when the trust generates income that needs to be distributed according to specific rules
3. Property Management Guidelines: Required when specific rules for property maintenance and management are needed
4. Sharia Compliance Provisions: Include when the trust needs to explicitly comply with Sharia law principles
5. Trust Protector Provisions: Used when appointing a trust protector to oversee certain aspects of trust administration
6. Variation of Trust: Include when specific powers to modify trust terms are required
7. Foreign Ownership Provisions: Required when beneficiaries include non-UAE nationals
1. Schedule 1 - Property Details: Detailed legal description of the property including title deed number, location, and dimensions
2. Schedule 2 - Initial Trust Fund: Details of any initial funds or assets transferred to the trust besides the main property
3. Schedule 3 - Beneficiary Schedule: Detailed list of beneficiaries and their respective interests or shares
4. Schedule 4 - Trustee Remuneration: Details of any fees or compensation payable to the trustees
5. Appendix A - Property Documents: Copies of relevant property documentation including title deed and floor plans
6. Appendix B - Required Regulatory Approvals: Copies of any necessary regulatory or authority approvals for the trust arrangement
Authors
Beneficiaries
Commencement Date
Distribution Date
Effective Date
Event of Default
Free Zone
Governing Law
Initial Trust Fund
Land Department
Property
Property Rights
Registration Authority
Regulatory Authority
Relevant Jurisdiction
Settlor
Sharia
Successor Trustee
Title Deed
Trust
Trust Assets
Trust Duration
Trust Fund
Trust Income
Trust Period
Trust Powers
Trust Property
Trust Protector
Trustee
Trustee Powers
Trustee Remuneration
UAE
Variation
Vesting Date
Working Day
Declaration of Trust
Property Transfer
Trust Duration
Trustee Appointment
Trustee Powers
Trustee Duties
Trustee Remuneration
Beneficiary Rights
Income Distribution
Capital Distribution
Property Management
Investment Powers
Administrative Powers
Trust Protector
Successor Trustees
Variation Powers
Termination Rights
Indemnification
Liability Limitation
Confidentiality
Dispute Resolution
Governing Law
Registration Requirements
Regulatory Compliance
Sharia Compliance
Amendment Procedures
Notice Requirements
Force Majeure
Severability
Real Estate
Legal Services
Financial Services
Wealth Management
Property Development
Family Office Services
Islamic Finance
Private Banking
Trust Services
Estate Planning
Legal
Real Estate
Wealth Management
Compliance
Property Administration
Trust Services
Private Client Services
Corporate Services
Document Management
Risk Management
Legal Counsel
Trust Administrator
Property Manager
Wealth Manager
Estate Planning Advisor
Real Estate Lawyer
Compliance Officer
Private Client Advisor
Corporate Trustee
Legal Director
Property Rights Registrar
Islamic Finance Advisor
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