¶¶Òõ¶ÌÊÓƵ

The Deed of Assignment of Beneficial Interest is a crucial document in Irish trust and property law, used when transferring beneficial ownership rights while maintaining the existing trust structure. This document is commonly required in various scenarios, including estate planning, corporate restructuring, or family wealth management. It must be drafted in compliance with Irish legal requirements, particularly the Land and Conveyancing Law Reform Act 2009 and the Trustee Act 1893. The deed needs to clearly identify the beneficial interest being transferred, specify any consideration paid, and include necessary warranties and representations. It's essential for maintaining clear records of beneficial ownership changes and ensuring proper documentation for tax and legal purposes.

1. Parties: Identifies and defines all parties to the deed, including the Assignor (current holder of the beneficial interest), the Assignee (recipient of the beneficial interest), and any trustees if applicable

2. Background: Sets out the context of the assignment, including details of the trust arrangement, the nature of the beneficial interest, and the reason for the assignment

3. Definitions: Defines key terms used throughout the deed, including specific references to the trust property, beneficial interest, and relevant dates

4. Assignment: The operative clause that effects the transfer of the beneficial interest from Assignor to Assignee

5. Consideration: States the amount or value given in exchange for the assignment

6. Assignor's Covenants: Warranties and representations given by the Assignor regarding their right to assign the beneficial interest and its current status

7. Further Assurance: Commitment to execute any further documents or take additional actions necessary to perfect the assignment

8. Notices: Specifies how and where formal notices under the deed should be served

9. Governing Law: Confirms that the deed is governed by Irish law

10. Execution: Formal execution block meeting Irish legal requirements for deeds, including witness provisions