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Legal Templates
Trustee Declaration Form

Trustee Declaration Form for Singapore

Trustee Declaration Form Template for Singapore

A Trustee Declaration Form under Singapore law is a formal document where a trustee confirms their appointment and acknowledges their responsibilities in managing trust assets. The document complies with Singapore's Trustees Act and Trust Companies Act, establishing the trustee's legal obligations, powers, and duties. It serves as evidence of the trustee's acceptance of their role and understanding of their fiduciary responsibilities under Singapore trust law.

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What is a Trustee Declaration Form?

The Trustee Declaration Form is a crucial document in Singapore trust law that formalizes a trustee's acceptance of their role and responsibilities. It is typically used when establishing new trusts, appointing replacement trustees, or confirming existing trustee appointments. The form includes detailed information about the trust property, beneficiaries, and the scope of the trustee's powers under Singapore law. This document is essential for compliance with the Trustees Act and provides clear evidence of the trustee's understanding and acceptance of their fiduciary duties.

What sections should be included in a Trustee Declaration Form?

1. Declaration Details: Date, location, and parties involved in the declaration

2. Trustee Information: Full details of trustee(s), including legal capacity and contact information

3. Trust Property Description: Detailed description of assets held in trust

4. Trustee Powers and Duties: Enumeration of trustee responsibilities and authorized actions under the Trustees Act (Chapter 337)

5. Beneficiary Information: Details of trust beneficiaries and their entitlements

What sections are optional to include in a Trustee Declaration Form?

1. Co-Trustee Provisions: Additional provisions and coordination mechanisms when multiple trustees are appointed

2. Professional Trustee Clauses: Specific provisions required for licensed trust companies under the Trust Companies Act

3. Successor Trustee Provisions: Procedures and requirements for trustee replacement and succession

What schedules should be included in a Trustee Declaration Form?

1. Schedule A - Trust Property Details: Comprehensive list and description of all trust assets and properties

2. Schedule B - Beneficiary Rights: Detailed breakdown of beneficiary entitlements and conditions

3. Appendix 1 - Required Documentation: List of supporting documents provided by trustee including identification and certification documents

4. Appendix 2 - Compliance Checklist: Regulatory compliance requirements and confirmations under Singapore law

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

Ƶ

Document Type

Declaration Form

Sector

Compliance

Cost

Free to use
Relevant legal definitions






























Clauses


























Industries

Trustees Act (Chapter 337): Primary legislation governing the appointment, duties, and powers of trustees. Sets out statutory duties, responsibilities, and defines investment powers and limitations.

Trust Companies Act (Chapter 336): Regulates licensed trust companies and sets requirements for professional trustees in Singapore.

Income Tax Act (Chapter 134): Addresses tax implications for trust income and reporting requirements for trustees.

Stamp Duties Act (Chapter 312): Covers requirements for stamp duty on trust instruments and transfer of property into trust.

Mental Capacity Act (Chapter 177A): Relevant for trustees acting for mentally incapacitated persons, including powers and limitations.

MAS Guidelines: Monetary Authority of Singapore guidelines covering compliance requirements for professional trustees and anti-money laundering requirements.

Trust Property Requirements: Documentation requirements for clear identification of trust property in the declaration form.

Trustee Powers Documentation: Requirements for documenting trustee powers and limitations in the declaration form.

Beneficiary Documentation: Requirements for proper documentation of beneficiary details in the declaration form.

Trust Duration Specifications: Requirements for specifying the duration of trust in the declaration form.

Trustee Duties Documentation: Requirements for documenting trustee duties and responsibilities in the declaration form.

Indemnity Provisions: Requirements for including appropriate indemnity provisions in the declaration form.

Succession Procedures: Requirements for documenting resignation and replacement procedures for trustees.

Teams

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