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Private Trust Agreement
"I need a Private Trust Agreement to establish a family trust for managing our UK property portfolio and investments, with three trustees and discretionary powers for distribution among my children and grandchildren, to be effective from March 2025."
1. Parties: Identifies settlor, trustees, and beneficiaries
2. Background: Sets out context and purpose of the trust
3. Definitions: Defines key terms used throughout the agreement
4. Trust Declaration: Formal declaration of trust and transfer of assets
5. Powers of Trustees: Detailed powers granted to trustees
6. Trustee Duties: Obligations and responsibilities of trustees
7. Trust Administration: Procedures for managing the trust
8. Beneficiary Rights: Rights and entitlements of beneficiaries
1. Investment Powers: Specific investment authorities and restrictions for trusts including investment assets
2. Property Management: Provisions for handling real estate when trust includes property assets
3. Protector Provisions: Role and powers of trust protector when trust includes a protector role
4. Foreign Asset Provisions: Handling of overseas assets when trust includes international assets
1. Schedule of Initial Trust Assets: Detailed list of assets initially settled into trust
2. Schedule of Beneficiaries: Complete list of beneficiaries and their respective interests
3. Investment Guidelines: Detailed investment policies and restrictions
4. Trustee Remuneration Schedule: Details of trustee compensation arrangements
5. Letter of Wishes: Non-binding guidance from settlor to trustees
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