Certification Of Trust Agreement

Certification Of Trust Agreement Template for Nigeria

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Key Requirements PROMPT example:

"I need a Certification of Trust Agreement for a family trust with three trustees to present to First Bank Nigeria for a property purchase in Lagos, with the certification to confirm our authority to manage trust assets and execute property transactions by March 2025."

Document background

A Certification of Trust Agreement is utilized when trustees need to prove their authority or verify trust details to third parties without disclosing the entire trust document. This certification is particularly relevant in Nigeria where trusts are frequently used in both personal and commercial contexts. The document is designed to comply with Nigerian trust law, including the Trustees Act of 1962 and related legislation, while providing sufficient information for business transactions, property dealings, or financial arrangements. It typically includes essential details such as trustee identification, powers, trust status, and execution requirements, while maintaining the confidentiality of sensitive trust provisions. The certification serves as a practical solution for trustees dealing with banks, property registrars, or other institutions that require verification of trust details but don't need access to the complete trust instrument.

Suggested Sections

1. Parties: Identifies the trustees making the certification and any other relevant parties

2. Background: Brief context about the purpose of the certification and the underlying trust

3. Definitions: Key terms used throughout the certification

4. Trust Identification: Name, date, and type of trust being certified

5. Trustee Information: Names and addresses of all current trustees and their appointment dates

6. Trust Status: Certification that the trust exists and is in effect

7. Trustee Powers: Summary of relevant trustee powers under the trust

8. Revocability Status: Statement whether the trust is revocable or irrevocable

9. Execution Requirements: Number of trustees required to act on behalf of the trust

10. Certification: Formal certification statement by trustees

11. Governing Law: Confirmation that Nigerian law governs the trust and certification

12. Execution Block: Signature section with notarization provisions

Optional Sections

1. Successor Trustee Provisions: Include when there are specific successor trustee arrangements that third parties need to know

2. Trust Amendment History: Include when the trust has been amended and amendments affect the certified information

3. Property Schedule Reference: Include when specific trust property needs to be identified for third parties

4. Tax Status: Include when tax classification of the trust is relevant to the certification purpose

5. Foreign Law Compliance: Include when trust deals with assets or parties in other jurisdictions

6. Trust Protector Provisions: Include when the trust has a protector whose powers are relevant to third parties

Suggested Schedules

1. Schedule A - Trustee Identification Documents: Copies of trustees' identification documents and proof of appointment

2. Schedule B - Trust Extract: Relevant extracted provisions from the trust deed supporting the certification

3. Schedule C - Property Schedule: List of trust property relevant to the certification (if applicable)

4. Appendix 1 - Notarial Certificates: Required notarial certificates and authentications

5. Appendix 2 - Corporate Resolution: If any trustee is a corporation, corporate resolution authorizing certification

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Clauses

Relevant Industries

Banking and Financial Services

Real Estate

Legal Services

Wealth Management

Estate Planning

Corporate Services

Investment Management

Insurance

Public Administration

Property Development

Relevant Teams

Legal

Compliance

Wealth Management

Trust Administration

Property Management

Corporate Services

Risk Management

Client Relations

Document Management

Regulatory Affairs

Relevant Roles

Trust Officer

Legal Counsel

Estate Manager

Wealth Manager

Compliance Officer

Property Manager

Bank Manager

Corporate Trustee

Trust Administrator

Legal Director

Company Secretary

Risk Manager

Investment Manager

Relationship Manager

Notary Public

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