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Declaration Of Trust For Shares
"I need a Declaration of Trust for Shares for our UAE family business where I will act as trustee holding 2000 shares on behalf of my three children, with the trust arrangement to commence from March 1, 2025, including specific provisions for dividend distribution and voting rights exercise."
1. Parties: Identifies and provides full details of the Trustee and the Beneficial Owner(s)
2. Background: Sets out the context of the trust arrangement, including details of the shares being held in trust
3. Definitions: Defines key terms used throughout the document
4. Declaration of Trust: The formal declaration by the Trustee confirming they hold the shares on trust
5. Trust Property: Detailed description of the shares held in trust, including quantity, class, and the company details
6. Trustee Powers and Duties: Comprehensive list of the Trustee's powers and obligations regarding the trust property
7. Beneficial Owner's Rights: Details of the Beneficial Owner's rights, including voting, dividends, and disposal instructions
8. Duration of Trust: Specifies the term of the trust arrangement and conditions for termination
9. Governing Law and Jurisdiction: Specifies UAE law as governing law and establishes jurisdiction for disputes
10. Execution: Formal execution block for all parties to sign
1. Trustee Remuneration: Include when the Trustee is to receive payment for their services
2. Successor Trustees: Include when arrangements for replacement trustees need to be specified
3. Multiple Beneficial Owners: Include when there are multiple beneficial owners to specify their respective rights and shares
4. Anti-Money Laundering Compliance: Include when additional AML compliance provisions are required
5. Confidentiality: Include when specific confidentiality provisions are needed beyond standard obligations
6. Power of Attorney: Include when the Trustee needs specific powers to act on behalf of the Beneficial Owner
1. Schedule 1 - Share Details: Detailed information about the shares held in trust, including share certificates numbers and dates
2. Schedule 2 - Company Information: Details of the company whose shares are held in trust, including registration number and address
3. Schedule 3 - Beneficial Ownership Register: Register of beneficial owners and their respective interests
4. Schedule 4 - Trustee Powers: Detailed list of specific powers granted to the Trustee
5. Appendix A - Form of Transfer Instrument: Template for share transfer forms to be used when required
6. Appendix B - Specimen Signatures: Authenticated signatures of all parties for verification purposes
Authors
Financial Services
Investment Management
Corporate Services
Legal Services
Family Offices
Private Equity
Real Estate
Professional Services
Banking
Wealth Management
Legal
Corporate Secretarial
Compliance
Corporate Services
Investment
Wealth Management
Corporate Governance
Finance
Risk Management
Board Secretariat
Corporate Lawyer
Legal Counsel
Company Secretary
Trust Administrator
Compliance Officer
Corporate Services Manager
Legal Director
Investment Manager
Wealth Manager
Corporate Governance Officer
Board Director
Financial Controller
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