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Declaration Of Trust Form for Austria

Declaration Of Trust Form Template for Austria

A Declaration of Trust Form under Austrian law (Treuhandvereinbarung) is a formal legal document that establishes a fiduciary relationship between parties under the Austrian Civil Code (ABGB). Unlike common law trusts, this document creates a contractual arrangement where the trustee (հܳäԻ) agrees to hold and manage specific assets for the benefit of designated beneficiaries, while adhering to Austrian civil law principles. The document must comply with Austrian regulatory requirements, including beneficial ownership registration and anti-money laundering provisions, while clearly defining the rights, obligations, and responsibilities of all parties involved.

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What is a Declaration Of Trust Form?

The Declaration of Trust Form is a crucial legal instrument in Austrian civil law used to establish and document fiduciary relationships. This document is essential when one party (հܳäԻ) agrees to hold and manage assets on behalf of another party (Treugeber) for specified beneficiaries. It's commonly used in real estate transactions, asset management, and family wealth planning. The document must comply with Austrian legal requirements, including the ABGB provisions on Treuhand relationships, beneficial ownership registration under WiEReG, and relevant anti-money laundering regulations. A properly structured Declaration of Trust Form should clearly outline the trust property, parties' rights and obligations, duration of the arrangement, and termination conditions while ensuring alignment with Austrian regulatory frameworks.

What sections should be included in a Declaration Of Trust Form?

1. Parties: Identification of the Trustee (հܳäԻ) and Settlor (Treugeber), including full legal names, addresses, and registration details if applicable

2. Background: Context of the trust arrangement and the purpose for its establishment

3. Definitions: Key terms used throughout the document, including specific Austrian legal terminology

4. Declaration of Trust: Formal declaration establishing the trust relationship and transfer of assets

5. Trust Property: Detailed description of the assets being placed in trust, including any registration numbers or identifying details

6. Powers and Duties of Trustee: Comprehensive list of trustee's authorities and obligations under Austrian law

7. Trust Terms: Duration of the trust, distribution rules, and management principles

8. Beneficiary Rights: Identity of beneficiaries and nature of their entitlements

9. Accounting and Reporting: Requirements for financial records, reporting to beneficiaries, and regulatory compliance

10. Termination Provisions: Circumstances and procedures for ending the trust arrangement

What sections are optional to include in a Declaration Of Trust Form?

1. Successor Trustee Provisions: Procedures for appointing replacement trustees - include when multiple trustees are desired or for long-term arrangements

2. Investment Powers: Specific investment authorities and restrictions - include when trust involves investment assets

3. Tax Provisions: Specific tax handling instructions - include when complex tax situations exist

4. Dispute Resolution: Procedures for handling disagreements - include when multiple beneficiaries or complex arrangements exist

5. Foreign Asset Provisions: Special provisions for non-Austrian assets - include when trust property includes foreign assets

6. Confidentiality Clauses: Privacy and information handling requirements - include when dealing with sensitive matters

What schedules should be included in a Declaration Of Trust Form?

1. Schedule A - Trust Property Inventory: Detailed listing and description of all assets placed in trust

2. Schedule B - Beneficiary Details: Complete information about beneficiaries and their respective interests

3. Schedule C - Fee Schedule: Trustee compensation and expense reimbursement details

4. Appendix 1 - Registration Documents: Copies of required regulatory registrations and filings

5. Appendix 2 - Asset Documentation: Copies of property titles, certificates, or other asset proof documents

6. Appendix 3 - Due Diligence Documents: AML compliance documentation and beneficial ownership information

Authors

Alex Denne

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

Jurisdiction

Austria

Publisher

Ƶ

Document Type

Declaration Form

Cost

Free to use
Relevant legal definitions






























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Relevant Industries

Financial Services

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Relevant Roles

Legal Counsel

Compliance Officer

Trust Administrator

Asset Manager

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Property Manager

Financial Advisor

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Estate Planner

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