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Trust Revocation Declaration

Trust Revocation Declaration Template for Hong Kong

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Key Requirements PROMPT example:

Trust Revocation Declaration

"I need a Trust Revocation Declaration to completely terminate a family trust established in Hong Kong, which holds multiple properties and investment portfolios, with the revocation to take effect from March 15, 2025."

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Document background
A Trust Revocation Declaration is essential when a settlor wishes to terminate a trust arrangement in Hong Kong. This document is typically used when circumstances have changed significantly since the trust's creation, when the trust's purposes have been fulfilled, or when the settlor wishes to regain direct control of the assets. The declaration must comply with Hong Kong's trust laws, particularly the Trustee Ordinance (Cap. 29) and the Recognition of Trusts Ordinance (Cap. 76). It includes critical information such as trust identification details, the basis for revocation authority, explicit revocation language, and instructions for asset distribution. The document is particularly important in private wealth management and estate planning contexts, requiring careful consideration of tax implications and beneficiary interests.
Suggested Sections

1. Identification of Declarant: Details of the person(s) making the declaration, including their capacity as settlor/grantor of the trust

2. Trust Details: Specific identification of the trust being revoked, including its name, date of creation, and trustees

3. Authority to Revoke: Statement establishing the declarant's right to revoke the trust under the trust deed or applicable law

4. Declaration of Revocation: Clear and unequivocal statement revoking the trust

5. Effective Date: Specification of when the revocation takes effect

6. Instructions to Trustees: Directions for the distribution or return of trust assets following revocation

7. Execution: Formal execution block including signature, date, and witness requirements

Optional Sections

1. Partial Revocation Details: Used when only part of the trust is being revoked, specifying which portions remain in effect

2. Tax Implications Acknowledgment: Statement acknowledging that tax advice has been received regarding the revocation

3. Beneficiary Acknowledgment: Used when beneficiaries' consent or acknowledgment is being obtained as part of the revocation

4. Governing Law: Include when there are cross-border elements or when explicit confirmation of Hong Kong law is desired

5. Notices: Include when specific notice requirements need to be detailed for affected parties

Suggested Schedules

1. Schedule 1 - Trust Property: Detailed list of all trust assets affected by the revocation

2. Schedule 2 - Original Trust Deed: Copy or reference to the original trust deed being revoked

3. Schedule 3 - Beneficiary Details: List of all beneficiaries affected by the revocation

4. Appendix A - Supporting Documents: Copies of any relevant supporting documents such as power of attorney or court orders

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

Private Banking

Wealth Management

Legal Services

Financial Services

Estate Planning

Family Office

Trust Services

Professional Services

Private Client Services

Relevant Teams

Legal

Wealth Management

Private Banking

Compliance

Trust Services

Estate Planning

Client Relations

Tax Advisory

Fiduciary Services

Risk Management

Relevant Roles

Trust Officer

Private Client Lawyer

Wealth Manager

Estate Planning Attorney

Trust Administrator

Compliance Officer

Legal Counsel

Private Banker

Tax Advisor

Fiduciary Services Manager

Trust Operations Manager

Client Relations Manager

Industries




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