Declaration Of Trust Form

Declaration Of Trust Form Template for Indonesia

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Key Requirements PROMPT example:

"I need a Declaration of Trust Form for transferring my Jakarta-based real estate properties and investment portfolio (valued at approximately IDR 15 billion) to a trust for the benefit of my three children, with professional trustees from Bank Mandiri, to take effect from March 1, 2025."

Document background

The Declaration of Trust Form is a vital legal instrument used in Indonesia when establishing trust arrangements for asset management, estate planning, or wealth preservation purposes. This document is particularly relevant when individuals or entities wish to transfer legal ownership of assets while maintaining specific benefits for designated beneficiaries. The form must comply with Indonesian Civil Code requirements and financial services regulations, making it essential for various wealth management and asset protection strategies. A properly executed Declaration of Trust Form includes comprehensive details about the trust property, parties involved, trustee powers, beneficiary rights, and administrative procedures, serving as the foundational document for the trust arrangement. It's commonly used in family wealth planning, corporate structuring, and charitable endeavors within the Indonesian jurisdiction.

Suggested Sections

1. Parties: Identifies the Settlor (person creating the trust), the Trustee(s), and the Beneficiary(ies) with their complete legal names and addresses

2. Background: Explains the context and purpose for creating the trust, including the Settlor's intention to create a trust arrangement

3. Definitions: Defines key terms used throughout the document including 'Trust Property', 'Trust Period', 'Distribution Date', and other relevant terms

4. Declaration of Trust: Formal declaration establishing the trust and confirming the transfer of assets to the Trustee(s)

5. Trust Property: Detailed description of all assets being placed in trust, including any specific conditions or restrictions

6. Powers and Duties of Trustees: Comprehensive list of trustee powers and responsibilities in managing the trust property

7. Rights of Beneficiaries: Specifies the rights, interests, and entitlements of the beneficiaries under the trust

8. Trust Administration: Details the practical aspects of trust management, including decision-making processes and administrative procedures

9. Duration of Trust: Specifies the term of the trust and conditions for its termination

10. Governing Law and Jurisdiction: Confirms the application of Indonesian law and specifies jurisdiction for dispute resolution

Optional Sections

1. Trustee Remuneration: Details any fees or compensation for trustees - include if trustees are to be professionally compensated

2. Appointment and Removal of Trustees: Procedures for changing trustees - include if multiple trustees or likely future changes

3. Investment Powers: Specific investment authorities and restrictions - include for trusts with significant financial assets

4. Protection Clause: Limits trustee liability - include when requested by professional trustees

5. Trust Protector: Appointment and powers of a trust protector - include for large or complex trusts

6. Distribution Provisions: Specific rules for distributing trust income/capital - include for discretionary trusts

Suggested Schedules

1. Schedule A - Trust Property: Detailed inventory and description of all assets placed in trust

2. Schedule B - Beneficiary Details: Complete information about beneficiaries and their respective interests

3. Schedule C - Initial Trustees: Details of the initial trustees and their contact information

4. Schedule D - Investment Guidelines: Specific investment parameters and restrictions if applicable

5. Appendix 1 - Asset Valuation Reports: Independent valuations of trust assets where required

6. Appendix 2 - Required Regulatory Approvals: Copies of any necessary regulatory or governmental approvals

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking & Financial Services

Wealth Management

Real Estate

Investment Management

Family Office Services

Legal Services

Trust Services

Private Banking

Corporate Services

Estate Planning

Relevant Teams

Legal

Compliance

Wealth Management

Trust Administration

Risk Management

Private Banking

Corporate Services

Estate Planning

Financial Advisory

Asset Management

Relevant Roles

Trust Officer

Wealth Manager

Estate Planning Attorney

Legal Counsel

Compliance Officer

Financial Advisor

Private Banker

Asset Manager

Trust Administrator

Risk Manager

Family Office Manager

Corporate Trustee

Fiduciary Services Manager

Legal Director

Tax Consultant

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