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Quick Deed Of Trust
"I need a Quick Deed of Trust to set up a simple family trust for my holiday property in Cornwall, with my two adult children as beneficiaries and my sister acting as trustee alongside me."
1. Date and Parties: Identifies the date of execution and all parties including settlor(s), trustee(s) and any initial beneficiaries
2. Background: Sets out the context and purpose of the trust
3. Definitions: Defines key terms used throughout the deed
4. Trust Property: Clearly identifies the assets being placed in trust
5. Trust Terms: Specifies how the trust property is to be held and managed
6. Trustee Powers: Lists the specific powers granted to trustees
1. Appointment and Removal of Trustees: Used when specific provisions for trustee succession are needed beyond statutory provisions
2. Protector Provisions: Establishes role and powers of trust protector when additional oversight is desired
3. Administrative Provisions: Detailed management procedures for complex trusts requiring specific administration
1. Schedule 1 - Trust Property: Detailed list of initial trust assets
2. Schedule 2 - Beneficiaries: List of beneficiaries and their respective interests
3. Schedule 3 - Trustee Powers: Comprehensive list of specific trustee powers beyond statutory powers
Authors
Settlement Date
Trust Period
Trustees
Original Trustees
Settlor
Beneficiaries
Default Beneficiaries
Vesting Date
Perpetuity Period
Accumulation Period
Trust Fund
Income
Capital
Specified Beneficiary
Discretionary Beneficiary
Trust Powers
Principal Trustee
Governing Law
Distribution Date
Excluded Person
Trust Expenses
Investment
Power of Appointment
Trustee Act
Legal Requirements
Trust Documents
Accounting Period
Trust Income
Trust Assets
Trust Property
Beneficiary Rights
Trustee Powers
Trustee Appointments
Investment Powers
Administrative Powers
Distribution Powers
Trustee Remuneration
Trust Period
Trustee Indemnity
Variation Powers
Income Distribution
Capital Distribution
Trustee Retirement
Trustee Replacement
Decision Making
Record Keeping
Delegation Powers
Asset Management
Termination
Governing Law
Severability
Notices
Amendment Powers
Perpetuity Provisions
Accumulation Powers
Beneficiary Exclusion
Trustee Liability
Dispute Resolution
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