The Living Trust Agreement is a crucial estate planning tool in the Philippines, designed to facilitate efficient asset management and transfer while potentially avoiding the complexities of probate. This document is particularly relevant when individuals wish to establish a structured mechanism for managing their assets during their lifetime and ensuring smooth transition of wealth to their beneficiaries. Operating under Philippine jurisdiction, specifically the Civil Code and related banking and securities regulations, the agreement outlines comprehensive provisions for trust creation, asset management, beneficiary distributions, and trustee responsibilities. It's commonly used by high-net-worth individuals, business owners, and families seeking to protect and preserve their assets while ensuring efficient wealth transfer to future generations.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the Settlor (trust creator), Trustee(s), and Beneficiaries with complete details
2. Background: Context of trust creation and general intent of the Settlor
3. Definitions: Definitions of key terms used throughout the agreement
4. Trust Creation: Declaration of trust, initial trust property, and effective date
5. Trust Purpose: Clear statement of the trust's objectives and intended benefits
6. Powers and Duties of Trustee: Comprehensive listing of trustee authorities and responsibilities
7. Rights and Interests of Beneficiaries: Specification of beneficiary entitlements and distribution terms
8. Trust Administration: Procedures for managing trust assets and making distributions
9. Investment Powers: Guidelines for investment of trust assets
10. Accounting and Reporting: Requirements for financial records and reporting to beneficiaries
11. Trustee Compensation: Terms of trustee remuneration and expense reimbursement
12. Successor Trustees: Provisions for appointment and succession of trustees
13. Amendment and Revocation: Terms under which the trust can be modified or terminated
14. Governing Law and Jurisdiction: Specification of Philippine law application and dispute resolution
15. Execution: Signature blocks and witnessing requirements
1. Special Needs Provisions: Special provisions for beneficiaries with disabilities or specific care requirements
2. Business Interest Management: Specific provisions for managing business interests held in trust
3. Foreign Asset Provisions: Special provisions for handling assets located outside the Philippines
4. Charitable Giving: Provisions for charitable donations or establishing a charitable component
5. Digital Assets: Provisions for handling digital assets and online accounts
6. Generation-Skipping Provisions: Provisions for multi-generational wealth transfer
7. Spendthrift Provisions: Protective clauses preventing beneficiaries from assigning or pledging interests
8. Tax Planning Provisions: Specific provisions aimed at tax efficiency and compliance
1. Schedule A - Trust Property: Detailed inventory of initial trust assets and properties
2. Schedule B - Beneficiary Distribution Plan: Specific details of distribution timing and conditions for each beneficiary
3. Schedule C - Investment Guidelines: Detailed investment policies and restrictions
4. Schedule D - Trustee Compensation Schedule: Detailed breakdown of trustee fees and payment terms
5. Appendix 1 - Contact Information: Complete contact details for all parties, advisors, and relevant institutions
6. Appendix 2 - Document Checklist: List of supporting documents and certificates required for trust administration
7. Appendix 3 - Tax Compliance Guidelines: Procedures for ensuring tax compliance and reporting requirements
8. Appendix 4 - Administrative Procedures: Detailed procedures for various administrative tasks and decision-making processes
Find the exact document you need
Legal Trust Agreement
A Philippine law-governed agreement establishing a trust relationship, detailing asset transfer, management obligations, and beneficiary rights.
Download
Life Insurance Trust Agreement
A Philippine-law governed agreement establishing a trust to hold and manage life insurance policies, defining trustee duties and beneficiary distributions under local insurance and trust regulations.
Download
Trust Agreement For Shares
A Philippine law-governed agreement establishing a trust arrangement for corporate shares, defining the relationship between settlor, trustee, and beneficiaries.
Download
Declaration Of Trust Property
A Philippine legal document establishing a trust arrangement where property is transferred to trustees for management on behalf of beneficiaries, governed by Philippine law.
Download
Nominee Declaration Of Trust
A Philippine law-governed declaration establishing a trust relationship where a nominee holds legal title to assets on behalf of a beneficial owner.
Download
Addendum To Trust Deed
A Philippine law-governed document that modifies an existing trust deed by amending specific provisions while maintaining the original trust structure.
Download
Real Property Trust Agreement
A Philippine law-governed agreement establishing a trust over real property, defining the relationship between settlor, trustee, and beneficiaries.
Download
Personal Property Trust Agreement
A Philippine law-governed agreement establishing a trust relationship for personal property management, defining trustee duties and beneficiary rights.
Download
Joint Trust Agreement
A Philippine law-governed agreement establishing a joint trust arrangement between multiple trustors, trustees, and beneficiaries, regulated by BSP and Civil Code provisions.
Download
Trust Merger Agreement
A Philippine law-governed agreement documenting the merger of two trust entities, including transfer of assets and regulatory compliance requirements.
Download
Deed Of Ratification Trust Deed
A Philippine legal document that formally ratifies and confirms an existing trust deed, ensuring its continued validity under Philippine law while potentially incorporating necessary updates.
Download
Trust Management Agreement
A Philippine-law governed agreement establishing a trust relationship between a trust company and client, detailing asset management terms under BSP regulations.
Download
Constructive Trust Agreement
A Philippine law-governed agreement establishing a constructive trust relationship between a trustee and beneficiary, defining property rights and obligations under Articles 1440-1456 of the Civil Code.
Download
Simple Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.
Download
Revocable Declaration Of Trust
A Philippine law-governed trust document establishing a revocable trust relationship between settlor, trustee, and beneficiaries, detailing asset management and distribution terms.
Download
Indemnity Deed Of Trust
A Philippine law-governed trust instrument that combines trust arrangements with indemnification provisions, establishing asset protection and beneficiary rights under trustee management.
Download
Formal Trust Agreement
A legally binding agreement under Philippine law that establishes a trust relationship, detailing the transfer and management of assets from settlor to trustee for beneficiaries' benefit.
Download
Beneficial Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.
Download
Construction Deed Of Trust
A Philippine law-governed trust instrument that establishes a three-party arrangement for managing construction projects and protecting stakeholder interests.
Download
Contractual Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and wealth preservation.
Download
Vehicle Trust Agreement
A Philippine law-governed agreement establishing a trust arrangement for vehicle management and operation, defining trustee powers and beneficiary rights.
Download
Irrevocable Trust Agreement
A Philippine law-governed agreement establishing an irrevocable trust relationship between settlor, trustee, and beneficiaries for permanent asset transfer and management.
Download
Living Trust Agreement
A Philippine law-governed agreement establishing a living trust for asset management and distribution, defining trustee duties and beneficiary rights.
Download
Revocable Trust Agreement
A Philippine law-governed agreement establishing a modifiable trust relationship for asset management and distribution, with retained rights of revocation by the settlor.
Download
Land Trust Agreement
A Philippine law-governed agreement establishing a trust relationship for land property management, defining trustee duties and beneficiary rights.
Download
Family Trust Agreement
A Philippine law-governed agreement establishing a family trust arrangement for asset management and wealth transfer between generations.
Download
Trust Fund Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for the management of specified assets.
Download
Assignment Deed Of Trust
A Philippine law-governed document that formally transfers trustee responsibilities and trust assets from an existing trustee to a new trustee.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)