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Trust Revocation Declaration
"I need a Trust Revocation Declaration under Philippine law to terminate a family trust created in 2020, which holds real estate assets and has multiple beneficiaries, with the revocation to take effect on March 15, 2025."
1. Declaration Details: States the date, location, and identification of the person making the declaration (the settlor/trustor)
2. Original Trust Information: References the original trust deed, including its date of creation, registration details, and parties involved
3. Trustee Information: Identifies the current trustee(s) and their appointment details
4. Declaration of Revocation: Clear and explicit statement of the intention to revoke the trust, citing any relevant powers of revocation from the original trust deed
5. Effective Date: Specifies when the revocation takes effect
6. Asset Disposition: Details how the trust assets will be distributed or returned upon revocation
7. Trustee Release: Statement releasing the trustee from their duties and responsibilities after proper accounting and transfer of assets
8. Execution: Space for signatures, witnessing, and notarization requirements
1. Beneficiary Acknowledgment: Include when beneficiaries need to acknowledge the revocation or when required by the original trust deed
2. Tax Declarations: Include when there are specific tax implications that need to be acknowledged or declared
3. Compliance Statements: Include when the trust involves regulated assets or activities requiring specific compliance declarations
4. Dispute Resolution: Include when there's a need to specify how any disputes arising from the revocation will be handled
5. Foreign Asset Declaration: Include when the trust holds assets in foreign jurisdictions requiring special treatment or declaration
1. Schedule A - Trust Asset Inventory: Detailed list of all trust assets to be distributed or returned upon revocation
2. Schedule B - Final Trust Accounts: Final accounting of the trust's assets, liabilities, and transactions
3. Schedule C - Distribution Plan: Detailed plan for the distribution or return of trust assets, including timing and method
4. Appendix 1 - Original Trust Deed: Copy of the original trust deed and any amendments
5. Appendix 2 - Supporting Documents: Relevant supporting documents such as trustee appointments, powers of attorney, or court orders
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Wealth Management
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Estate Planning
Private Client Services
Trust Administration
Corporate Services
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Compliance
Wealth Management
Trust Administration
Risk Management
Tax Advisory
Client Services
Property Management
Corporate Secretarial
Document Management
Trust Officer
Private Client Lawyer
Estate Planning Attorney
Wealth Manager
Financial Advisor
Trust Administrator
Compliance Officer
Legal Counsel
Property Manager
Tax Consultant
Family Office Manager
Corporate Secretary
Risk Management Officer
Portfolio Manager
Client Relations Manager
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