Document background
A Deed of Settlement Property is utilized when an individual or entity wishes to create a trust arrangement for property assets in Singapore. This document is crucial for estate planning, asset protection, and family wealth management. The deed must be carefully drafted to comply with Singapore's legal framework, particularly the Civil Law Act and Conveyancing and Law of Property Act. It typically includes detailed provisions about the property being settled, trustee powers, beneficiary rights, and distribution terms. The document is particularly relevant for high-net-worth individuals, family businesses, and property investors seeking to establish long-term asset protection structures.
