A Partial Claim Deed of Trust is commonly used in England and Wales when there is a need to separate legal and beneficial ownership of a portion of a claim or asset. This document becomes necessary in situations involving claim settlements, property transactions, or financial arrangements where a partial interest needs to be held in trust. The deed establishes the trustee's obligations, defines the trust property (the partial claim), and outlines the beneficiary's entitlements. It must comply with English trust law and typically includes provisions for trust administration, trustee powers, and termination conditions. This type of trust deed is particularly relevant in complex financial transactions or when protecting the interests of multiple parties in a single claim.
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1. Parties: Identification of trustee(s) and beneficiary(ies)
2. Background: Context of the partial claim and reason for trust creation
3. Definitions: Key terms used throughout the deed including references to relevant legislation (Trustee Act 1925, Trustee Act 2000, Law of Property Act 1925, Land Registration Act 2002)
4. Declaration of Trust: Formal declaration creating the trust and establishing the trust property
5. Trust Property: Detailed description of the partial claim being held in trust
6. Trustee Powers: Specific powers granted to trustees in accordance with relevant legislation
7. Duration of Trust: Term of the trust and conditions for termination
1. Investment Powers: Specific investment authorities and criteria in accordance with the Trustee Act 2000
2. Appointment of New Trustees: Process for appointing replacement trustees and succession planning
3. Trustee Remuneration: Terms and conditions for trustee compensation if applicable
1. Schedule 1 - Trust Property Details: Comprehensive description of the partial claim and related property details
2. Schedule 2 - Trustee Powers: Detailed enumeration of trustee powers and responsibilities
3. Schedule 3 - Beneficiary Rights: Detailed description of beneficiary entitlements and rights
4. Appendix A - Related Documents: Supporting documentation including property records and relevant certificates
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