Family Trust Deed

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Document Overview

A Family Trust Deed is a legal instrument through which a person (called the Settlor) transfers ownership of property or assets to one or more Trustees to hold and manage for the benefit of family members (called the Beneficiaries), according to clearly stated terms and conditions.

It formally creates a Family Trust, which is a structured arrangement used to preserve, manage, and pass on family wealth while maintaining control, continuity, and protection of assets.

Family Trusts are recognized and governed under the Trustees (Perpetual Succession) Act, Cap 164, the Trusts of Land Act, and the Income Tax Act (Cap 470). They are also supported by common law principles of equity relating to trusts.

Main Components:
1. Title and Date
2. Parties to the Deed
3. Recitals
4. Declaration of Trust
5. Name and Duration of the Trust
6. Trust Property
7. Objects of the Trust
8. Powers and Duties of Trustees
9. Rights of Beneficiaries
10. Revocation or Amendment
11. Dispute Resolution Clause
12. Governing Law
13. Execution Section
14. Schedules

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Family Trust Deed

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