Declaration Of Trust Form Template for Singapore

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Key Requirements PROMPT example:

Declaration Of Trust Form

"I need a Declaration of Trust Form under Singapore law to establish a family trust for managing my real estate portfolio, with tHRee adult children as beneficiaries and my private bank as the professional trustee, to be effective from March 2025."

Document background

A Declaration of Trust Form is essential for creating legally binding trust arrangements in Singapore. This document is commonly used for estate planning, asset protection, and wealth management purposes. It must conform to Singapore's trust laws and clearly establish the tHRee certainties required for a valid trust. The declaration specifies the trust property, beneficiaries' rights, trustees' powers and duties, and governance arrangements. It serves as primary evidence of the trust's existence and terms, protecting all parties' interests and ensuring proper trust administration.

Suggested Sections

1. Parties: Details of settlor, trustee(s), and beneficiaries

2. Background: Context and purpose of the trust creation

3. Definitions: Key terms used tHRoughout the document

4. Trust Property: Detailed description of assets being placed in trust

5. Trust Terms: Core terms governing the trust arrangement

6. Trustee Powers: Specific powers granted to trustees

7. Duration of Trust: Period of trust and termination conditions

Optional Sections

1. Investment Powers: Specific investment authorities for trustees - used when trust involves investment assets

2. Protector Provisions: Appointment and powers of trust protector - used when trust includes a protector role

3. Distribution Rules: Specific rules for distributing trust assets - used for complex distribution arrangements

Suggested Schedules

1. Schedule of Assets: Detailed listing of all trust property

2. Beneficiary Schedule: Details of beneficiaries and their entitlements

3. Investment Guidelines: Specific investment parameters if applicable

4. Powers of Appointment: Details of power to appoint new trustees or beneficiaries

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Private Wealth Management
Real Estate
Financial Services
Family Offices

Relevant Teams

Legal
Wealth Management
Corporate Services
Compliance
Finance

Relevant Roles

Trust Officer
Wealth Manager
Private Banker
Estate Planning Lawyer
Family Office Manager

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Let's create your Declaration Of Trust Form

Authors

Alex Denne

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