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Revocable Deed Of Trust

Revocable Deed Of Trust Template for New Zealand

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Key Requirements PROMPT example:

Revocable Deed Of Trust

"I need a Revocable Deed of Trust to establish a family trust by March 2025, primarily to hold our family business assets and protect them for our children, with my spouse and I as initial trustees and the ability to add professional trustees later."

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Document background
The Revocable Deed of Trust is a vital instrument in New Zealand trust law, commonly used for estate planning, asset protection, and wealth management purposes. It provides a flexible structure where the settlor can retain significant control over trust assets while still creating a legitimate trust arrangement. The document must comply with the Trusts Act 2019 and other relevant New Zealand legislation, including specific requirements for trustee duties and beneficiary rights. This type of deed is particularly useful when the settlor wishes to maintain the ability to adapt the trust arrangement to changing circumstances or family dynamics, while still providing a structured framework for asset management and distribution. It includes comprehensive provisions for trust administration, asset management, beneficiary entitlements, and trustee powers, while maintaining the crucial element of revocability.
Suggested Sections

1. Parties: Identifies the Settlor(s), Initial Trustee(s), and any Appointor

2. Background: Sets out the context and intention to create the trust

3. Definitions and Interpretation: Defines key terms used throughout the deed and interpretation rules

4. Declaration of Trust: Formally establishes the trust and states its revocable nature

5. Trust Name: Specifies the name under which the trust will operate

6. Trust Period: Defines the duration of the trust and vesting date

7. Beneficiaries: Identifies and defines classes of beneficiaries

8. Distribution of Income: Sets out rules for income distribution among beneficiaries

9. Distribution of Capital: Details rules for capital distribution among beneficiaries

10. Trustees' Powers: Comprehensive list of powers granted to trustees

11. Trustees' Duties: Specifies mandatory and default duties under the Trusts Act 2019

12. Appointment and Removal of Trustees: Procedures for changing trustees

13. Right of Revocation: Details the settlor's power to revoke or modify the trust

14. Meeting Procedures: Rules for trustee meetings and decision-making

15. Execution and Attestation: Formal execution requirements and witness details

Optional Sections

1. Settlor's Powers: Additional powers reserved for the settlor - used when settlor wants to retain specific controls

2. Appointor Provisions: Rules regarding the appointor role - included when an appointor is designated

3. Perpetuity Period: Specific provisions about trust duration - used for complex trust structures

4. Investment Strategy: Specific investment guidelines - included for trusts with substantial investment assets

5. Conflict Resolution: Dispute resolution procedures - recommended for larger family trusts

6. Remuneration of Trustees: Provisions for trustee compensation - used when professional trustees are involved

7. Foreign Asset Provisions: Special provisions for overseas assets - included when trust holds international investments

8. Business Operation Provisions: Specific rules for operating business assets - used when trust holds business interests

Suggested Schedules

1. Schedule 1 - Initial Trust Property: Details of assets initially settled on the trust

2. Schedule 2 - Named Beneficiaries: List of specifically named beneficiaries and their details

3. Schedule 3 - Trustee Powers: Detailed list of specific powers granted to trustees

4. Schedule 4 - Trustee Remuneration: Schedule of agreed trustee fees and compensation

5. Appendix A - Certification of Independent Advice: Certificates from legal advisors confirming independent advice

6. Appendix B - Meeting Procedures: Detailed procedures for trustee meetings and decision-making processes

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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Relevant Industries

Financial Services

Legal Services

Wealth Management

Real Estate

Private Banking

Family Office

Professional Services

Estate Planning

Asset Management

Property Investment

Relevant Teams

Legal

Wealth Management

Trust Administration

Private Client Services

Tax Advisory

Compliance

Risk Management

Estate Planning

Investment Advisory

Property Management

Relevant Roles

Trust Lawyer

Estate Planning Attorney

Wealth Manager

Financial Advisor

Trust Administrator

Private Client Manager

Tax Consultant

Property Manager

Compliance Officer

Trust Accountant

Legal Counsel

Family Office Manager

Investment Advisor

Risk Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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