The Declaration of Trust Form is a vital legal instrument used in Indonesia when establishing trust arrangements for asset management, estate planning, or wealth preservation purposes. This document is particularly relevant when individuals or entities wish to transfer legal ownership of assets while maintaining specific benefits for designated beneficiaries. The form must comply with Indonesian Civil Code requirements and financial services regulations, making it essential for various wealth management and asset protection strategies. A properly executed Declaration of Trust Form includes comprehensive details about the trust property, parties involved, trustee powers, beneficiary rights, and administrative procedures, serving as the foundational document for the trust arrangement. It's commonly used in family wealth planning, corporate structuring, and charitable endeavors within the Indonesian jurisdiction.
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1. Parties: Identifies the Settlor (person creating the trust), the Trustee(s), and the Beneficiary(ies) with their complete legal names and addresses
2. Background: Explains the context and purpose for creating the trust, including the Settlor's intention to create a trust arrangement
3. Definitions: Defines key terms used throughout the document including 'Trust Property', 'Trust Period', 'Distribution Date', and other relevant terms
4. Declaration of Trust: Formal declaration establishing the trust and confirming the transfer of assets to the Trustee(s)
5. Trust Property: Detailed description of all assets being placed in trust, including any specific conditions or restrictions
6. Powers and Duties of Trustees: Comprehensive list of trustee powers and responsibilities in managing the trust property
7. Rights of Beneficiaries: Specifies the rights, interests, and entitlements of the beneficiaries under the trust
8. Trust Administration: Details the practical aspects of trust management, including decision-making processes and administrative procedures
9. Duration of Trust: Specifies the term of the trust and conditions for its termination
10. Governing Law and Jurisdiction: Confirms the application of Indonesian law and specifies jurisdiction for dispute resolution
1. Trustee Remuneration: Details any fees or compensation for trustees - include if trustees are to be professionally compensated
2. Appointment and Removal of Trustees: Procedures for changing trustees - include if multiple trustees or likely future changes
3. Investment Powers: Specific investment authorities and restrictions - include for trusts with significant financial assets
4. Protection Clause: Limits trustee liability - include when requested by professional trustees
5. Trust Protector: Appointment and powers of a trust protector - include for large or complex trusts
6. Distribution Provisions: Specific rules for distributing trust income/capital - include for discretionary trusts
1. Schedule A - Trust Property: Detailed inventory and description of all assets placed in trust
2. Schedule B - Beneficiary Details: Complete information about beneficiaries and their respective interests
3. Schedule C - Initial Trustees: Details of the initial trustees and their contact information
4. Schedule D - Investment Guidelines: Specific investment parameters and restrictions if applicable
5. Appendix 1 - Asset Valuation Reports: Independent valuations of trust assets where required
6. Appendix 2 - Required Regulatory Approvals: Copies of any necessary regulatory or governmental approvals
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Wealth Management
Real Estate
Investment Management
Family Office Services
Legal Services
Trust Services
Private Banking
Corporate Services
Estate Planning
Relevant Teams
Legal
Compliance
Wealth Management
Trust Administration
Risk Management
Private Banking
Corporate Services
Estate Planning
Financial Advisory
Asset Management
Relevant Roles
Trust Officer
Wealth Manager
Estate Planning Attorney
Legal Counsel
Compliance Officer
Financial Advisor
Private Banker
Asset Manager
Trust Administrator
Risk Manager
Family Office Manager
Corporate Trustee
Fiduciary Services Manager
Legal Director
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