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Trust Memorandum Of Association

Trust Memorandum Of Association Template for Singapore

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Key Requirements PROMPT example:

Trust Memorandum Of Association

"Need a Trust Memorandum of Association for a family investment trust to be established in Singapore by March 2025, with specific provisions for sustainable investments and quarterly distributions to tHRee adult beneficiaries."

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Document background
The Trust Memorandum of Association serves as the constitutional document for trusts established in Singapore, providing comprehensive guidelines for trust operation and management. This document is essential when establishing a new trust or reorganizing an existing trust structure under Singapore jurisdiction. It must align with Singapore's robust regulatory framework, including the Trustees Act and Business Trusts Act, while detailing the trust's purpose, powers, administration procedures, and beneficiary rights. The document is particularly crucial for ensuring clear governance and compliance with Singapore's strict financial regulations.
Suggested Sections

1. Name and Address: Full legal name and registered address of the trust

2. Definitions and Interpretation: Key terms and their meanings used tHRoughout the document

3. Trust Purpose: Clear statement of trust objectives and intended beneficiaries

4. Trustee Powers and Duties: Detailed outline of trustee responsibilities and authority

5. Trust Property: Description of assets held in trust

6. Duration of Trust: Term of the trust and conditions for termination

Optional Sections

1. Investment Powers: Specific investment authorities and restrictions for trusts involving significant investment activities

2. Protector Provisions: Appointment and powers of trust protector when additional oversight is desired

3. Distribution Policy: Specific rules for distributing trust assets in complex distribution arrangements

Suggested Schedules

1. Schedule of Initial Trust Assets: Detailed inventory of initial trust property

2. Beneficiary Schedule: List of beneficiaries and their respective interests

3. Investment Guidelines: Detailed investment policies and restrictions

4. Trustee Remuneration Schedule: Fee structure and payment terms for trustees

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Accounting Period
Applicable Law
Appointor
Assets
Authorised Investments
Beneficiaries
Business Day
Certificate of Trust
Confidential Information
Distribution Date
Effective Date
Excluded Person
Financial Year
Governing Law
Initial Trust Property
Investment Powers
MAS
Net Income
Powers of Appointment
Principal Trust Fund
Protector
Register of Beneficiaries
Settlor
Singapore Dollar
Trust
Trust Company
Trust Deed
Trust Fund
Trust Period
Trust Property
Trustee
Trustee Act
Unit
Unitholder
Vesting Date
Clauses
Trust Name and Establishment
Appointment and Removal of Trustees
Powers of Trustees
Duties of Trustees
Trust Property
Investment Powers
Distribution of Income
Distribution of Capital
Beneficiary Rights
Protector Provisions
Record Keeping
Accounting and Reporting
Confidentiality
Indemnification
Governing Law
Amendments
Trust Duration
Termination
Successor Trustees
Trustee Remuneration
Delegation Powers
Notice Requirements
Conflict Resolution
Asset Management
Compliance Requirements
Liability Limitations
Administrative Powers
Reporting Obligations
Variation of Trust
Perpetuity Period
Industries

Trustees Act (Chapter 337): Primary legislation governing trustee appointments, duties, and powers. Covers trust administration, investment powers, trustee liability and indemnity provisions.

Business Trusts Act (Chapter 31A): Regulates business trusts registered with MAS (Monetary Authority of Singapore), including governance and operational requirements for registered business trusts.

Companies Act (Chapter 50): Provides framework for registration and compliance requirements relevant to trust companies and corporate trustees.

Trust Companies Act (Chapter 336): Sets out licensing requirements for trust companies and provides regulatory framework for professional trustees.

Income Tax Act: Governs the tax treatment of trusts and beneficiaries, including compliance requirements for trust-related tax matters.

Stamp Duties Act: Regulates applicable stamp duties for trust instruments and transfer of assets into trust structures.

Securities and Futures Act: Relevant for trusts involving investment activities, including regulatory requirements for investment products and services.

AML/CTF Regulations: Anti-Money Laundering and Counter-Terrorism Financing regulations governing due diligence requirements and reporting obligations for trusts.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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