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Real Estate Trust Agreement
"Need a Real Estate Trust Agreement to establish a family trust for our London property portfolio, with three trustees and specific provisions for income distribution to benefit my children, to be effective from March 2025."
1. Parties: Identification of settlor, trustees, and beneficiaries including full legal names and addresses
2. Background: Context and purpose of the trust, including the intent to create a trust over real estate assets
3. Definitions: Key terms used throughout the agreement including Property, Trust Period, Trust Fund, and Beneficiaries
4. Declaration of Trust: Formal creation of the trust and transfer of property, including the trust terms and beneficial interests
5. Trust Powers: Specific powers granted to trustees in relation to the property and trust administration
6. Trustee Duties: Obligations and responsibilities of trustees including statutory duties and any additional requirements
7. Duration of Trust: Term of the trust and termination provisions, including circumstances for winding up
1. Investment Powers: Additional investment authorities beyond statutory powers, including any specific restrictions or permissions
2. Appointment and Removal of Trustees: Specific provisions for changing trustees that differ from statutory provisions
3. Income Distribution: Specific rules for distributing trust income and capital among beneficiaries
4. Administrative Provisions: Additional administrative powers and procedures for trust management
1. Schedule 1: Property Description: Detailed description of trust property including title information, address, and registration details
2. Schedule 2: Beneficiary Interests: Detailed breakdown of beneficiary entitlements and their respective shares
3. Schedule 3: Initial Trust Assets: Comprehensive inventory of assets initially settled into trust
4. Appendix A: Property Documents: Copies of relevant property documents, certificates, and title deeds
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