The Personal Property Trust Agreement is a crucial legal instrument used in the Philippines when an individual or entity (settlor) wishes to transfer personal property to a trustee for management on behalf of specified beneficiaries. This document is particularly relevant in situations involving estate planning, asset protection, or wealth management. It must comply with the Civil Code of the Philippines and various regulatory requirements, including anti-money laundering provisions and tax regulations. The agreement typically includes detailed provisions about the trust property, administration procedures, distribution mechanisms, and the rights and obligations of all parties involved. It's commonly used by high-net-worth individuals, family businesses, and corporations seeking to establish structured property management arrangements while ensuring legal protection and clear succession planning.
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: Identifies the Settlor (creator of trust), Trustee(s), and Beneficiaries with their complete details
2. Background: Sets out the context and purpose of creating the trust
3. Definitions: Defines key terms used throughout the agreement
4. Declaration of Trust: Formal establishment of the trust and transfer of property
5. Trust Property: Detailed description of the property being placed in trust
6. Powers and Duties of Trustee: Comprehensive list of trustee's authorities and responsibilities
7. Rights of Beneficiaries: Specifies the entitlements and rights of trust beneficiaries
8. Trust Administration: Procedures for managing the trust and making distributions
9. Duration of Trust: Specifies the term of the trust and conditions for termination
10. Accounting and Reporting: Requirements for financial records and reporting to beneficiaries
11. Trustee Compensation: Details of trustee fees and reimbursement of expenses
12. Governing Law: Confirms Philippine law governs the agreement
13. Execution: Signature blocks and execution requirements
1. Successor Trustees: Used when providing for replacement trustees
2. Investment Powers: Include when trustee has discretion to invest trust assets
3. Tax Provisions: Added when specific tax planning objectives need to be addressed
4. Trust Protector: Include when appointing a trust protector to oversee trustee actions
5. Spendthrift Provisions: Used to protect beneficiaries' interests from creditors
6. Amendment Procedures: Include when trust terms may be modified under certain conditions
7. Dispute Resolution: Added when specific arbitration or mediation procedures are desired
8. Digital Assets: Include when trust property includes digital assets or cryptocurrencies
1. Schedule A - Trust Property Inventory: Detailed list and description of all property placed in trust
2. Schedule B - Beneficiary Information: Complete details of beneficiaries and their respective interests
3. Schedule C - Distribution Schedule: Specific instructions for timing and amounts of distributions
4. Schedule D - Trustee Compensation Schedule: Detailed breakdown of trustee fees and payment terms
5. Appendix 1 - Property Valuation Reports: Independent valuations of trust property
6. Appendix 2 - Required Regulatory Filings: Copies of necessary government registrations and permits
7. Appendix 3 - Tax Certificates: Relevant tax documentation and certificates
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)