The Trustee Declaration Form is a vital document in Nigerian trust law that formalizes the appointment and acceptance of a trustee's responsibilities. This document is required whenever a new trustee is appointed, whether for private trusts, charitable trusts, or corporate trust arrangements. The form serves multiple purposes: it provides evidence of the trustee's formal acceptance, confirms their eligibility under Nigerian law, and documents their understanding of fiduciary duties. The document must comply with the Nigerian Trustees Act and related legislation, including the Companies and Allied Matters Act (CAMA) 2020 when corporate trustees are involved. It's particularly important in the Nigerian context where trust law combines both common law principles and local statutory requirements. The Trustee Declaration Form typically includes comprehensive declarations about the trustee's capacity, independence, and commitment to proper trust administration.
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1. Declarant Details: Full legal name, address, and contact information of the person making the declaration to act as trustee
2. Trust Identification: Details of the trust including its name, date of establishment, and type of trust
3. Declaration of Acceptance: Formal statement accepting the appointment as trustee and willingness to act in accordance with the trust deed
4. Eligibility Confirmation: Confirmation that the trustee meets all legal requirements and is not disqualified under Nigerian law
5. Acknowledgment of Duties: Statement acknowledging understanding of trustee duties and responsibilities under Nigerian law
6. Compliance Declaration: Declaration of commitment to comply with relevant laws, regulations, and trust instrument
7. Powers Recognition: Acknowledgment of the powers granted to the trustee under the trust deed and law
8. Execution Block: Space for trustee's signature, date, and witness details
1. Co-Trustee Acknowledgment: Required when multiple trustees are appointed, acknowledging joint responsibilities and relationships
2. Professional Qualifications: Needed for professional or corporate trustees, listing relevant qualifications and licenses
3. Conflict of Interest Disclosure: Optional section for declaring any potential conflicts of interest
4. Remuneration Agreement: Required when the trustee will receive compensation for their services
5. Resignation Procedure: Optional section detailing the process for future resignation if needed
6. Indemnification Clause: Optional protection clause for trustees acting in good faith
1. Schedule A - Trust Property: Detailed inventory of trust assets and property being placed under trustee management
2. Schedule B - Beneficiary Information: List of beneficiaries and their respective interests in the trust
3. Schedule C - Trustee Powers: Comprehensive list of specific powers granted to the trustee
4. Appendix 1 - Identity Documents: Copies of trustee's identification documents and relevant certificates
5. Appendix 2 - Professional Credentials: Copies of relevant professional qualifications and licenses (if applicable)
6. Appendix 3 - Trust Deed Reference: Copy or extract of the relevant trust deed sections pertaining to trustee appointment
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Banking
Estate Planning
Corporate Services
Legal Services
Investment Management
Real Estate
Charitable Organizations
Education (for educational trusts)
Healthcare (for healthcare trusts)
Family Office Services
Wealth Management
Relevant Teams
Legal
Compliance
Risk Management
Trust Administration
Wealth Management
Corporate Secretariat
Fiduciary Services
Client Services
Operations
Document Management
Relevant Roles
Trust Officer
Legal Counsel
Corporate Trustee
Estate Manager
Compliance Officer
Risk Manager
Trust Administrator
Company Secretary
Financial Advisor
Wealth Manager
Trust Operations Manager
Director of Fiduciary Services
Senior Trust Associate
Private Client Manager
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