Document background
A Simple Declaration of Trust is a fundamental legal document used in Hong Kong to formally establish a trust arrangement. It is typically used when individuals or entities want to create a clear separation between legal and beneficial ownership of assets, whether for family succession planning, asset protection, or other legitimate purposes. The document must comply with Hong Kong's trust laws, particularly the Trustee Ordinance (Cap. 29) and related legislation. It contains essential information about the trust property, the parties involved, the terms of the trust, and the powers and duties of the trustees. This type of document is commonly used in private wealth management, real estate holdings, and family arrangements, providing a clear framework for the trust relationship while ensuring compliance with Hong Kong's legal requirements.
