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Declaration Of Revocable Trust
"I need a Declaration of Revocable Trust to establish a trust for my investment portfolio worth £2M, with my three adult children as beneficiaries, while retaining control during my lifetime and the ability to add future grandchildren as beneficiaries."
1. Declaration: Formal statement creating the trust
2. Parties: Details of settlor and trustees
3. Definitions: Key terms used in the trust deed
4. Trust Property: Description of assets placed in trust
5. Beneficiaries: Identity and rights of beneficiaries
6. Trustee Powers: Scope of trustees' authority
7. Amendment and Revocation: Powers to modify or terminate trust
1. Investment Powers: Specific investment guidelines, used when trust includes financial assets
2. Successor Trustees: Provisions for replacement trustees, used in longer-term trusts
3. Spendthrift Provisions: Protections against beneficiary creditors, used when asset protection is needed
4. Distribution Instructions: Specific rules for distributions, used for complex beneficiary arrangements
1. Schedule 1: Trust Property: Detailed inventory of trust assets
2. Schedule 2: Initial Trustees: Details of appointed trustees and their contact information
3. Schedule 3: Beneficiary Details: Full information about beneficiaries and their entitlements
4. Schedule 4: Investment Guidelines: Specific investment parameters and restrictions
Authors
Trust Property
Settlor
Trustee
Initial Trustees
Successor Trustee
Beneficiary
Primary Beneficiary
Contingent Beneficiary
Trust Period
Vesting Date
Trust Income
Trust Capital
Distribution Date
Effective Date
Revocation
Amendment
Trust Powers
Investment Powers
Administrative Powers
Governing Law
Trust Jurisdiction
Trust Accounts
Trust Expenses
Trust Documents
Trust Fund
Accumulation Period
Incapacity
Termination Event
Distribution Instructions
Trust Property
Appointment of Trustees
Trustee Powers
Investment Powers
Administrative Powers
Distribution Powers
Amendment Rights
Revocation Rights
Beneficiary Rights
Income Distribution
Capital Distribution
Trustee Succession
Trustee Compensation
Trustee Liability
Trust Duration
Termination Provisions
Governing Law
Severability
Accounting Obligations
Tax Provisions
Asset Management
Delegation Powers
Spendthrift Provisions
Notice Requirements
Dispute Resolution
Perpetuity Period
Trust Administration
Trustee Removal
Beneficiary Designation
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