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Declaration Of Trust Sole Owner
"I need a Declaration of Trust Sole Owner document under Philippine law to establish a trust for my real estate properties in Manila, with the flexibility to add future properties and potentially include my children as beneficiaries after January 2025."
1. Declaration and Parties: Identifies the Settlor/Declarant (sole owner) and establishes their intention to create a trust
2. Background: Explains the context and purpose of creating the trust, including details about the property to be held in trust
3. Definitions: Defines key terms used throughout the declaration
4. Trust Property: Detailed description of the assets being placed in trust
5. Declaration of Trust: Formal declaration that the property is held in trust and the terms under which it is held
6. Powers and Duties of the Trustee: Comprehensive list of the trustee's powers and responsibilities in managing the trust
7. Trust Administration: Rules and procedures for administering the trust
8. Trust Income and Capital: Provisions regarding the handling of trust income and capital
9. Duration of Trust: Specifies the term of the trust and conditions for termination
10. Governing Law and Jurisdiction: Confirms Philippine law as governing law and specifies jurisdiction for disputes
1. Beneficiary Provisions: Used when specific beneficiaries are designated to receive benefits from the trust
2. Investment Powers: Include when the trust involves investment activities or substantial financial assets
3. Appointment and Removal of Trustees: Include when there's a possibility of changing trustees or appointing additional trustees
4. Trust Protector Provisions: Used when appointing a trust protector to oversee trustee actions
5. Accounting and Reporting: Include for larger trusts requiring formal accounting procedures
6. Amendment Provisions: Include when the settlor wants to retain power to modify trust terms
7. Tax Provisions: Include when specific tax planning objectives are involved
1. Schedule A - Trust Property: Detailed inventory and description of all assets placed in trust
2. Schedule B - Initial Trustees: Details of the initial trustee(s) if different from the settlor
3. Schedule C - Beneficiary Details: If applicable, detailed information about beneficiaries and their entitlements
4. Appendix 1 - Asset Valuations: Professional valuations of trust assets where required
5. Appendix 2 - Property Documents: Copies of relevant property titles or certificates
6. Appendix 3 - Investment Guidelines: If applicable, detailed investment parameters and restrictions
Authors
Financial Services
Real Estate
Private Wealth Management
Family Office Services
Legal Services
Estate Planning
Investment Management
Property Development
Professional Services
Banking
Legal
Wealth Management
Estate Planning
Compliance
Private Client Services
Property Management
Financial Advisory
Trust Administration
Asset Management
Risk Management
Wealth Manager
Estate Planning Attorney
Trust Officer
Private Client Lawyer
Property Manager
Financial Advisor
Tax Consultant
Legal Counsel
Corporate Secretary
Investment Manager
Family Office Manager
Asset Manager
Compliance Officer
Real Estate Manager
Financial Planner
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