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Definitive Trust Deed
"I need a Definitive Trust Deed for a family trust in New Zealand to manage intergenerational wealth transfer, with specific provisions for education funding and property investment, to be established by March 2025."
1. Parties: Identifies the settlor(s) and initial trustee(s) who are parties to the deed
2. Background: Sets out the context and intention to establish the trust
3. Definitions and Interpretation: Defines key terms used throughout the deed and interpretation rules
4. Declaration of Trust: Formal establishment of the trust and confirmation of trust property transfer
5. Trust Purpose: Clearly states the purpose(s) for which the trust is established
6. Beneficiaries: Defines and identifies the primary and discretionary beneficiaries
7. Trust Period: Specifies the duration of the trust and vesting date
8. Trustee Powers: Comprehensive list of powers granted to trustees in managing the trust
9. Trustee Duties: Mandatory and default duties of trustees as per the Trusts Act 2019
10. Trust Administration: Rules for trust management, meetings, and decision-making
11. Income and Capital: Rules for dealing with trust income and capital
12. Trustee Appointment and Removal: Procedures for appointing and removing trustees
13. Variation and Revocation: Circumstances and procedures for varying or revoking the trust
14. Governing Law: Confirms New Zealand law governs the trust
1. Charitable Purposes: Required if establishing a charitable trust, detailing specific charitable objectives
2. Investment Guidelines: Detailed investment parameters and restrictions, useful for trusts with significant investment assets
3. Protector Provisions: Required if the trust includes a protector role, defining their powers and duties
4. Foreign Asset Provisions: Required if the trust holds or may hold overseas assets
5. Business Operation Provisions: Required if the trust will operate a business
6. Relationship Property Provisions: Additional provisions addressing relationship property matters
7. Maori Land Provisions: Required if the trust involves Maori land holdings
8. Minor Beneficiary Provisions: Specific provisions for handling benefits for minor beneficiaries
1. Schedule 1 - Initial Trust Property: Details of property initially settled on the trust
2. Schedule 2 - Trustee Details: Full names, addresses, and contact details of initial trustees
3. Schedule 3 - Named Beneficiaries: List of specifically named beneficiaries and their details
4. Schedule 4 - Trustee Remuneration: Details of any agreed trustee remuneration arrangements
5. Schedule 5 - Execution Requirements: Specific requirements for executing trust documents
6. Schedule 6 - Trustee Meeting Procedures: Detailed procedures for trustee meetings and decision-making
7. Appendix A - Trustee Powers: Detailed listing of specific trustee powers
8. Appendix B - Certification Requirements: Requirements for certifying trust documents and decisions
Authors
Accumulation Period
Adult
Appointor
Balance Date
Beneficiary
Capital
Charitable Purpose
Child
Class of Beneficiaries
Companies Act
Default Beneficiaries
Descendant
Discretionary Beneficiaries
Distribution
Financial Year
Final Vesting Date
Income
Income Year
Initial Property
Investment
Issue
Law
Legal Personal Representative
Major Decision
Minor
Net Income
Original Trustee
Perpetuity Period
Person
Power of Appointment
Primary Beneficiaries
Principal Family Member
Proper Law
Protector
Related Person
Related Trust
Relative
Resolution
Schedule
Settlor
Special Resolution
Spouse
Succession Trust
Trust
Trust Deed
Trust Fund
Trust Period
Trust Property
Trustee
Trustees Act
Trusts Act
Vesting Date
Working Day
Trust Establishment
Trust Property
Beneficiary Rights
Trustee Appointment
Trustee Removal
Trustee Powers
Trustee Duties
Trust Administration
Decision Making
Income Distribution
Capital Distribution
Investment Powers
Delegation
Trust Records
Trust Expenses
Trustee Remuneration
Trustee Indemnity
Trustee Liability
Protector Provisions
Trust Variation
Trust Termination
Perpetuity Period
Governing Law
Dispute Resolution
Execution
Severability
Confidentiality
Compliance
Tax Provisions
Property Management
Distribution Powers
Record Keeping
Reporting Requirements
Meeting Procedures
Amendment Powers
Revocation Powers
Asset Protection
Successor Appointments
Beneficiary Exclusion
Financial Services
Legal Services
Wealth Management
Real Estate
Family Business
Private Banking
Professional Services
Property Management
Asset Management
Estate Planning
Legal
Wealth Management
Trust Administration
Estate Planning
Private Client Services
Corporate Services
Compliance
Risk Management
Financial Advisory
Property Management
Trust Lawyer
Estate Planning Attorney
Wealth Manager
Financial Advisor
Trust Administrator
Tax Accountant
Private Client Advisor
Corporate Trustee
Legal Counsel
Trust Officer
Property Manager
Family Office Manager
Compliance Officer
Risk Manager
Trust Account Manager
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