¶¶Òõ¶ÌÊÓÆµ

Trust Settlement Agreement Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Trust Settlement Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Trust Settlement Agreement

"I need a Trust Settlement Agreement for a family discretionary trust to be established by March 2025, with provisions for multiple business assets and specific clauses for succession planning between three generations of family members."

Document background
The Trust Settlement Agreement is a fundamental legal instrument used in Australia to formally establish and document trust arrangements. This document is essential when individuals or entities wish to create a trust structure for asset protection, estate planning, business succession, or tax-efficient wealth management. The agreement comprehensively details the trust's establishment, operation, and governance, including the initial settlement, trustee powers, beneficiary rights, distribution mechanisms, and administrative procedures. It must comply with both federal and state-specific trust laws in Australia, including the relevant Trustees Act, tax legislation, and property laws. The Trust Settlement Agreement serves as the primary reference document throughout the trust's lifetime, governing all aspects of trust administration and providing clarity on roles, responsibilities, and procedures for all involved parties.
Suggested Sections

1. Parties: Identifies the Settlor, Trustee(s), and any Appointor or Principal

2. Background: Sets out the context and intention to establish the trust

3. Definitions: Defines key terms used throughout the agreement

4. Declaration of Trust: Formal establishment of the trust and transfer of initial settlement sum

5. Trust Name and Type: Specifies the name of the trust and its classification (e.g., discretionary, unit, hybrid)

6. Beneficiaries: Defines primary and general beneficiaries and classes of beneficiaries

7. Trust Property: Describes how trust property is to be held and managed

8. Trustee Powers: Details the powers granted to trustees in managing the trust

9. Trustee Duties and Obligations: Outlines the responsibilities and obligations of trustees

10. Distribution of Income: Specifies how trust income is to be distributed among beneficiaries

11. Distribution of Capital: Outlines provisions for capital distributions

12. Trust Period: Defines the duration of the trust and vesting date

13. Amendment Provisions: Procedures for amending the trust deed

14. Governing Law: Specifies the jurisdiction and applicable law

15. Execution: Formal execution clauses and signing requirements

Optional Sections

1. Appointor Provisions: Used when an appointor role is required to oversee trustee appointments and removals

2. Foreign Income Provisions: Required when the trust may receive foreign-sourced income

3. Business Operation Provisions: Included when the trust will conduct business activities

4. Investment Powers: Detailed investment guidelines when the trust has significant investment activities

5. Family Trust Election: Included when the trust will make a family trust election for tax purposes

6. Corporate Trustee Provisions: Specific provisions when a company acts as trustee

7. Perpetuity Period Extensions: Required in jurisdictions allowing extended perpetuity periods

8. Minor Beneficiary Provisions: Special provisions for handling distributions to minor beneficiaries

9. Charitable Purposes: Included when the trust has charitable components or purposes

10. Trust Resettlement Provisions: Guidelines for avoiding unintended resettlement of the trust

Suggested Schedules

1. Schedule 1 - Initial Trust Property: Details of the settlement sum and any other initial trust assets

2. Schedule 2 - Named Beneficiaries: List of specifically named beneficiaries and their details

3. Schedule 3 - Trustee Remuneration: Details of trustee fees and reimbursement arrangements

4. Schedule 4 - Excluded Beneficiaries: List of persons specifically excluded from benefiting from the trust

5. Schedule 5 - Investment Powers: Detailed list of authorized investment types and restrictions

6. Appendix A - Trustee Meeting Procedures: Procedures for trustee meetings and decision-making

7. Appendix B - Distribution Rules: Detailed rules and procedures for making distributions

8. Appendix C - Compliance Checklist: Checklist of ongoing compliance requirements

Authors

Alex Denne

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

Relevant legal definitions













































Clauses






























Relevant Industries

Financial Services

Legal Services

Wealth Management

Real Estate

Family Business

Professional Services

Banking

Investment Management

Agriculture

Mining

Retail

Healthcare

Education

Relevant Teams

Legal

Trust Administration

Wealth Management

Tax Advisory

Compliance

Risk Management

Private Client Services

Estate Planning

Corporate Services

Investment Advisory

Financial Planning

Relevant Roles

Trust Lawyer

Estate Planning Attorney

Tax Advisor

Wealth Manager

Financial Planner

Trust Administrator

Corporate Trustee Officer

Legal Counsel

Tax Partner

Private Client Advisor

Family Office Manager

Trust Account Manager

Compliance Officer

Risk Manager

Property Manager

Investment Advisor

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Sub Trust Agreement

An Australian legal document establishing a subordinate trust structure, defining its governance, beneficiary rights, and operational framework under Australian law.

find out more

Bearer Trust Agreement

An Australian law-governed agreement establishing a trust structure with transferable bearer instruments, defining rights, obligations, and administrative procedures.

find out more

Bare Trust And Agency Agreement

An Australian law agreement establishing a bare trust where a trustee holds legal title to assets while acting as agent for the beneficiary who maintains beneficial ownership and control.

find out more

Termination Of Trust Agreement

An Australian law-governed agreement that formally terminates a trust arrangement and outlines the process for asset distribution and trustee discharge.

find out more

Lifetime Occupancy Agreement

An Australian law-governed agreement establishing lifetime occupancy rights for a resident, typically used in retirement villages and similar residential settings.

find out more

Deed Of Ratification Trust Deed

An Australian legal document used to formally confirm and validate previous trust actions or arrangements, ensuring their legal effectiveness under Australian trust law.

find out more

Trust Management Agreement

An Australian law-governed agreement establishing the terms and conditions for professional trust management services, including scope, responsibilities, and regulatory compliance requirements.

find out more

Real Estate Trust Agreement

An Australian law-governed agreement establishing a trust structure for real estate assets, defining trustee obligations and beneficiary rights.

find out more

Joint Tenancy Trust Agreement

An Australian legal agreement establishing a trust arrangement for property held in joint tenancy, combining trust law with joint ownership principles.

find out more

Constructive Trust Agreement

An Australian legal document that formalizes a constructive trust arrangement, defining the rights and obligations of trustees and beneficiaries under Australian law.

find out more

Simple Trust Agreement

An Australian legal document establishing a trust relationship between trustees and beneficiaries, setting out key terms for trust management and asset distribution.

find out more

Revocable Declaration Of Trust

An Australian legal document establishing a revocable trust arrangement where the settlor maintains control while holding assets for beneficiaries.

find out more

Liquidating Trust Agreement

An Australian legal document establishing a trust structure for the orderly liquidation and distribution of assets, compliant with local trust and corporate laws.

find out more

Indemnity Deed Of Trust

An Australian legal document establishing a trust structure with indemnity provisions, governed by Australian trust law, protecting trustees and defining trust administration framework.

find out more

Formal Trust Agreement

An Australian law-governed agreement establishing a trust structure, defining trustee powers, beneficiary rights, and trust property management rules.

find out more

Beneficial Trust Agreement

An Australian legal document establishing a trust arrangement where trustees manage assets for specified beneficiaries, governed by Australian trust law.

find out more

Trustee Release And Indemnification Agreement

An Australian law-governed agreement that releases trustees from liability and provides indemnification for their trust-related actions and decisions.

find out more

Private Trust Agreement

An Australian legal document establishing a private trust arrangement, defining trustee powers and beneficiary rights under Australian trust law.

find out more

Construction Deed Of Trust

An Australian legal document establishing a trust structure for construction project delivery, combining trust law with construction contract principles.

find out more

Contractual Trust Agreement

An Australian law-governed agreement establishing a contractual trust structure for asset management and wealth preservation, combining trust and contract law principles.

find out more

Trust Account Agreement

An Australian-law governed agreement establishing the terms and conditions for operating a trust account between a financial institution and trustee, including regulatory compliance requirements.

find out more

Blind Trust Agreement

An Australian-law governed agreement establishing a blind trust structure where assets are managed independently without the settlor's knowledge or input of investment decisions.

find out more

Vehicle Trust Agreement

An Australian legal document establishing a trust arrangement for vehicle ownership and management, governed by Australian trust law and vehicle regulations.

find out more

Irrevocable Trust Agreement

An Australian-law compliant template for establishing an irrevocable trust, defining asset transfer, trust management, and beneficiary rights.

find out more

Land Trust Agreement

An Australian legal document establishing and governing land held in trust, defining trustee powers, beneficiary rights, and land management requirements under Australian law.

find out more

Irrevocable Agreement

An Australian law-governed Irrevocable Agreement establishing permanent, binding commitments between parties that cannot be unilaterally revoked.

find out more

Declaration Of Trust For Shares

An Australian legal document establishing a trust arrangement where shares are held by a trustee for beneficiaries, compliant with federal and state trust laws.

find out more

Family Trust Agreement

An Australian law-governed agreement establishing a family trust structure for asset management, wealth preservation, and succession planning.

find out more

Declaration Of Trust

An Australian legal document establishing a trust relationship between trustees and beneficiaries, defining asset management and distribution terms under Australian trust law.

find out more

Trust Fund Agreement

An Australian-law governed agreement establishing a trust fund, setting out terms for asset management, beneficiary interests, and trustee duties.

find out more

Loan Receipt Agreement

An Australian-compliant legal document acknowledging loan receipt and establishing loan terms and conditions between lender and borrower.

find out more

Trust Settlement Agreement

An Australian law-governed agreement establishing a trust arrangement, defining the relationships, rights, and obligations between settlor, trustee(s), and beneficiaries.

find out more

Amended And Restated Trust Agreement

An Australian legal document that consolidates and updates an existing trust deed, incorporating all amendments into a single, comprehensive agreement.

find out more

Addendum To Trust Agreement

An Australian law-compliant document that formally modifies an existing trust agreement, enabling legal updates to trust provisions while maintaining the original deed's validity.

find out more

Assignment Deed Of Trust

An Australian legal document facilitating the transfer of trust rights, obligations, and assets from one trustee to another, ensuring compliance with federal and state trust laws.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s 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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.