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Supplemental Deed Of Trust

Supplemental Deed Of Trust Template for United Arab Emirates

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Key Requirements PROMPT example:

Supplemental Deed Of Trust

"I need a Supplemental Deed of Trust to document the appointment of a new corporate trustee based in DIFC effective March 1, 2025, replacing our current individual trustee, while ensuring compliance with UAE financial free zone regulations."

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Document background
A Supplemental Deed of Trust is a critical document used when modifications to an existing trust arrangement are required in the United Arab Emirates. This instrument is particularly relevant in the UAE's financial free zones (DIFC and ADGM) where trust structures are commonly established and maintained. The document is employed when there are significant changes to the original trust deed, such as appointment or retirement of trustees, modification of trust powers, or updates to beneficiary provisions. It must carefully balance compliance with UAE civil law, Sharia principles where applicable, and international trust practices. The Supplemental Deed of Trust typically includes detailed references to the original trust deed, specific amendments being made, and confirmations of continuing provisions, while ensuring all modifications align with UAE regulatory requirements and legal frameworks.
Suggested Sections

1. Parties: Identifies all parties to the deed including the current trustee(s), settlor (if alive/relevant), and any incoming or outgoing trustees

2. Background: Recites the existence and details of the original trust deed, reasons for supplement, and confirms authority to make changes

3. Definitions: Defines key terms used in the deed, including references to terms in the original trust deed

4. Interpretation: Sets out rules for interpreting the document and its relationship with the original trust deed

5. Effective Date: Specifies when the supplemental provisions take effect

6. Amendments to Original Trust: Details specific modifications to the original trust deed

7. Confirmation of Original Trust: Confirms that all other provisions of the original trust remain in full force and effect

8. Governing Law and Jurisdiction: Confirms UAE law as governing law and specifies jurisdiction for disputes

9. Compliance with Sharia Principles: Confirmation of compliance with Islamic law principles where applicable

10. Execution Requirements: Specifies execution formalities under UAE law

Optional Sections

1. Appointment of New Trustees: Include when the supplement involves adding new trustees

2. Retirement of Trustees: Include when existing trustees are stepping down

3. Modification of Trust Powers: Include when changing trustee powers or administrative provisions

4. Amendment to Beneficiary Rights: Include when modifying beneficiary provisions

5. Variation of Trust Terms: Include when changing specific terms or conditions of the trust

6. Asset Transfer Provisions: Include when the supplement involves transfer of trust assets

7. Tax Considerations: Include when changes have tax implications in relevant jurisdictions

8. Regulatory Compliance: Include when changes require specific regulatory approvals or notifications

Suggested Schedules

1. Original Trust Deed: Copy or summary of the original trust deed being supplemented

2. Details of Amendments: Detailed listing of all modifications to the original trust deed

3. Asset Schedule: Updated list of trust assets if relevant to the supplement

4. Trustee Information: Details of any new or retiring trustees including required identification information

5. Required Consents: Copies of any required consents from beneficiaries or regulatory authorities

6. Powers of Attorney: Any relevant powers of attorney or delegations of authority

7. Certificates and Approvals: Any required regulatory or Sharia compliance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Relevant legal definitions
Original Trust Deed
Original Trustees
New Trustees
Effective Date
Amendment Date
Supplemental Provisions
Trust Property
Trust Fund
Beneficiaries
Specified Beneficiaries
Discretionary Beneficiaries
Settlor
Protector
Governing Law
Proper Law
Trust Powers
Administrative Provisions
Amendments
Modified Provisions
Continuing Provisions
Applicable Regulations
Business Day
DIFC
ADGM
Regulatory Authority
Sharia Board
Sharia Principles
Execution Date
Relevant Jurisdiction
Security Interest
Trust Period
Vesting Day
Distribution Date
Trust Documents
Principal Documents
Subsidiary Documents
Authorized Signatories
Corporate Trustee
Register of Trustees
Trust Assets
Investment Powers
Management Powers
Reserved Powers
Perpetuity Period
Accumulation Period
Relevant Industries

Financial Services

Private Banking

Wealth Management

Real Estate

Family Business

Islamic Finance

Investment Management

Corporate Services

Asset Management

Trust Services

Relevant Teams

Legal

Compliance

Wealth Management

Trust Administration

Corporate Services

Risk Management

Private Banking

Islamic Finance Advisory

Regulatory Affairs

Document Management

Relevant Roles

Trust Manager

Legal Counsel

Compliance Officer

Private Wealth Manager

Trust Administrator

Corporate Trustee Director

Fiduciary Services Manager

Estate Planning Advisor

Wealth Structuring Manager

Trust Operations Officer

Legal Director

Company Secretary

Regulatory Compliance Manager

Islamic Finance Advisor

Industries
UAE Federal Law No. 5 of 1985 (Civil Code): The foundational civil law that governs contracts and legal obligations in the UAE, including principles that apply to trust-like arrangements
UAE Federal Law No. 18 of 1993 (Commercial Transactions Law): Regulates commercial transactions and business activities, relevant for trust arrangements involving commercial assets or business interests
DIFC Trust Law No. 4 of 2018: Although specific to Dubai International Financial Centre, provides important guidance on trust structures and can be referenced for best practices in trust documentation
UAE Federal Law No. 14 of 2018 (Central Bank Law): Relevant for trusts involving financial assets or banking relationships, particularly regarding compliance and regulatory requirements
UAE Federal Law No. 20 of 2018 (Anti-Money Laundering Law): Essential for compliance considerations in trust arrangements, particularly regarding source of funds and beneficiary verification
Federal Law No. 4 of 2000 (UAE Securities and Commodities Authority): Applicable when trust assets include securities or regulated investments
ADGM Trust Regulations 2016: Abu Dhabi Global Market regulations providing framework for trust creation and administration, useful for reference even if trust is not in ADGM
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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