Document background
The Appointment Of Trustee Resolution is a crucial document used when appointing new trustees to an existing trust structure in Singapore. It is required when existing trustees retire, resign, or need to be replaced, or when additional trustees are needed. The document must comply with the Singapore Trustees Act and often requires consideration of the Trust Companies Act if licensed trust companies are involved. The resolution typically includes details of the appointment, transfer of trust assets, trustee powers, and any specific conditions or requirements set out in the original trust deed. It serves as a formal record of the appointment and helps ensure proper governance and continuity of the trust arrangement.
