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Trust Memorandum Of Association

Trust Memorandum Of Association Template for England and Wales

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Key Requirements PROMPT example:

Trust Memorandum Of Association

"I need a Trust Memorandum of Association for establishing a family trust company in England, with three trustees and specific investment powers for managing a diversified portfolio of assets, to be operational by March 2025."

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Document background
The Trust Memorandum of Association serves as the constitutional document for trust companies in England and Wales, required when establishing a formal trust structure within a corporate framework. This document combines elements of both company and trust law, providing the legal foundation for the trust's operation. It outlines the trust's purposes, powers, and administrative framework while ensuring compliance with the Companies Act 2006 and relevant trust legislation. The document is particularly crucial when creating structured trust arrangements, charitable foundations, or professional trust services.
Suggested Sections

1. Company Name: Statement of the company's registered name

2. Registered Office: Statement of the company's registered office location

3. Objects: Purpose and objectives of the trust

4. Trustee Powers: Enumeration of powers granted to trustees

5. Beneficiary Provisions: Details of beneficiaries and their rights

6. Administrative Provisions: Procedures for trust administration

Optional Sections

1. Investment Powers: Specific investment authorities and restrictions - include when trust involves significant investment activities

2. Charitable Purposes: Specific charitable objectives and activities - include when establishing a charitable trust

3. Delegation Powers: Provisions for delegation of trustee duties - include when trustees need ability to delegate responsibilities

Suggested Schedules

1. Schedule 1 - Initial Trust Property: Schedule of assets initially settled in the trust

2. Schedule 2 - Trustee Appointment Procedures: Detailed procedures for appointing and removing trustees

3. Schedule 3 - Investment Guidelines: Detailed investment policies and restrictions

4. Schedule 4 - Administrative Procedures: Detailed operational procedures and requirements

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions








































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Relevant Industries
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Industries

Companies Act 2006: Primary legislation governing company formation, memorandum of association requirements, and company registration procedures in England and Wales

Trustee Act 2000: Key legislation defining trustee powers and duties, investment responsibilities, and the required standard of care for trustees

Charities Act 2011: Legislation governing charitable trusts, including charitable purposes, registration requirements, and specific trustee obligations for charities

Common Law Trust Principles: Established legal principles from case law covering trust formation, operation, and fiduciary duties

Financial Services and Markets Act 2000: Regulatory framework for financial activities, relevant if the trust engages in regulated financial operations

Money Laundering Regulations 2017: Compliance and due diligence requirements for preventing money laundering and terrorist financing

Data Protection Act 2018 & UK GDPR: Legislative requirements for data handling, privacy, and protection of personal information within the trust structure

Equality Act 2010: Legal framework ensuring non-discrimination and equal treatment in trust operations and beneficiary considerations

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

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