¶¶Òõ¶ÌÊÓƵ

All Countries
Real Estate
Family Trust Deed

Family Trust Deed Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Family Trust Deed

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Family Trust Deed

"I need a Family Trust Deed to establish a trust for my three children's education and maintenance, with primary assets being my Lagos property portfolio and investment accounts, and I want to include specific provisions for wealth distribution when each child reaches 25 years old."

Celebrated by
Collaborations with
Investors
Document background
The Family Trust Deed is a crucial legal instrument in Nigerian estate planning and wealth management, utilized to establish a formal trust structure for family assets. This document becomes necessary when individuals wish to protect and manage family wealth across generations, provide for education or maintenance of family members, or establish a structured mechanism for business succession. The deed must comply with Nigerian trust law, including the Trustee Act 1893 and relevant state laws, while considering tax implications under the Capital Gains Tax Act and Companies Income Tax Act. It typically includes provisions for trust property management, beneficiary distributions, trustee powers, and governance structures, with flexibility to accommodate both simple family arrangements and complex multi-generational wealth planning.
Suggested Sections

1. Parties: Identifies the Settlor(s), Trustee(s), and mentions existence of Beneficiaries (detailed in schedule)

2. Background: Sets out the context and purpose of creating the trust

3. Definitions and Interpretation: Defines key terms used throughout the deed and interpretation rules

4. Declaration of Trust: Formal establishment of the trust and transfer of initial trust property

5. Trust Period: Defines the duration of the trust and any termination conditions

6. Distribution of Income: Rules and procedures for distributing trust income to beneficiaries

7. Distribution of Capital: Rules and procedures for distributing trust capital

8. Trustees' Powers: Comprehensive list of powers granted to trustees in managing trust assets

9. Trustees' Duties and Responsibilities: Legal obligations and responsibilities of trustees

10. Appointment and Removal of Trustees: Procedures for changing trustees

11. Protection of Trustees: Indemnity and liability limitations for trustees

12. Amendment Provisions: Procedures for modifying trust terms

13. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and relevant jurisdiction

Optional Sections

1. Settlor's Reserved Powers: Used when settlor wishes to retain certain powers over the trust

2. Investment Guidelines: Specific investment restrictions or preferences beyond statutory requirements

3. Education Trust Provisions: Special provisions if trust is specifically for educational purposes

4. Business Interests: Special provisions for managing business assets in trust

5. Charitable Purposes: Required if trust includes charitable elements

6. Letter of Wishes: Non-binding guidance from settlor to trustees

7. Protector Provisions: Used when appointing a protector to oversee trustees

8. Foreign Asset Provisions: Required when trust includes assets outside Nigeria

Suggested Schedules

1. Schedule 1 - Initial Trust Property: Detailed list of assets initially settled into the trust

2. Schedule 2 - Beneficiaries: List of beneficiaries and their respective entitlements or classes

3. Schedule 3 - Trustees' Powers: Detailed enumeration of specific powers granted to trustees

4. Schedule 4 - Administrative Provisions: Detailed procedures for trust administration

5. Appendix A - Letter of Wishes: Optional non-binding memorandum from settlor

6. Appendix B - Investment Guidelines: Detailed investment parameters and restrictions

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














































Clauses






























Relevant Industries

Legal Services

Financial Services

Wealth Management

Family Business

Real Estate

Private Banking

Estate Planning

Education

Charitable Organizations

Trust Services

Relevant Teams

Legal

Wealth Management

Trust Administration

Estate Planning

Tax Advisory

Private Banking

Family Office

Property Management

Succession Planning

Document Management

Relevant Roles

Trust Lawyer

Estate Planning Attorney

Private Wealth Manager

Trust Administrator

Financial Advisor

Tax Consultant

Family Office Manager

Trust Officer

Probate Lawyer

Succession Planning Specialist

Property Lawyer

Corporate Trustee

Family Business Advisor

Industries










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

Find the exact document you need

Supplemental Trust Deed For Appointment Of Trustee

A Nigerian law-governed document that formally appoints a new trustee and transfers trust responsibilities from an existing trustee, ensuring legal compliance and continuity of the trust arrangement.

find out more

Pension Scheme Trust Deed

A Nigerian law-compliant trust deed establishing and governing an occupational pension scheme under the Pension Reform Act 2014.

find out more

Bare Trust Deed

A Nigerian law-governed trust deed establishing a bare trust arrangement where trustees hold property with absolute beneficial ownership vesting in the beneficiaries.

find out more

Protected Trust Deed

A Nigerian law-governed trust deed that establishes a protected trust arrangement, defining asset transfer, trustee powers, and beneficiary rights.

find out more

Promissory Deed

A formal deed under Nigerian law containing an unconditional promise to pay a specified sum of money, offering enhanced enforceability and a 12-year limitation period.

find out more

Short Deed Of Trust

A concise legal document used in Nigeria to establish trust arrangements and transfer assets to trustees for specified beneficiaries, governed by Nigerian trust law.

find out more

Deed Of Variation Trust Deed

A Nigerian legal document that modifies an existing trust deed's terms under Nigerian trust law, enabling changes to trust arrangements while maintaining the original trust's validity.

find out more

Deed Of Termination Of Trust

A Nigerian law-governed deed that formally terminates a trust arrangement, distributes remaining assets, and discharges trustees from their duties.

find out more

Supplemental Deed Of Trust

A Nigerian legal document that modifies an existing trust deed to update terms, parties, or administration procedures under Nigerian law.

find out more

Irrevocable Inter Vivos Deed Of Gift

A Nigerian law-governed deed that enables the immediate and irrevocable transfer of property from donor to donee during the donor's lifetime.

find out more

Living Trust Deed

A Nigerian legal document establishing a living trust arrangement, transferring assets from settlor to trustees for specified beneficiaries under Nigerian trust law.

find out more

Inter Vivos Deed

A Nigerian legal document for transferring property rights between living persons, following requirements under Nigerian property law and the Land Use Act.

find out more

Declaration Of Trust Agreement

A Nigerian law-governed document establishing a trust relationship, detailing asset transfer from settlor to trustees for designated beneficiaries' benefit.

find out more

Revocable Deed Of Trust

A Nigerian law-governed trust deed establishing a revocable trust arrangement for asset management and distribution, with provisions for modification or termination by the settlor.

find out more

Life Trust Deed

A Nigerian legal document establishing a lifetime trust arrangement, transferring assets to trustees for beneficiary management under Nigerian trust law.

find out more

Second Trust Deed

A Nigerian legal instrument creating a secondary security interest in real property, subordinate to an existing first trust deed, used for securing additional financing.

find out more

Irrevocable Deed

A legally binding Nigerian document creating an unconditional and irrevocable transfer of rights, interests, or property, compliant with Nigerian property and contract law.

find out more

Master Trust Deed

A Nigerian law-governed foundational document that establishes and regulates trust arrangements under SEC oversight.

find out more

Irrevocable Deed Of Gift

A Nigerian law-governed deed that enables the permanent and irrevocable transfer of property from a donor to a donee without monetary consideration.

find out more

Security Trust Deed

A Nigerian law-governed deed establishing a trust structure for holding and managing security interests on behalf of multiple beneficiaries.

find out more

Family Trust Deed

A Nigerian law-governed deed establishing a family trust, detailing asset transfer, management rules, and beneficiary rights.

find out more

Deed Of Debt

A formal legal document under Nigerian law that creates or acknowledges a debt obligation, including repayment terms and enforcement provisions.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.