Affidavit Of Trust

Affidavit Of Trust Template for Singapore

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Key Requirements PROMPT example:

"I need an Affidavit of Trust to establish a trust for my three children's education in Singapore, with distributions starting from January 2025, including specific provisions for their university fees and living expenses until they complete their studies."

Document background

The Affidavit of Trust is a crucial document in Singapore's trust law framework, used to formally establish and provide evidence of trust arrangements. This document is particularly important when dealing with financial institutions, property transactions, or legal proceedings where proof of trust existence is required. The affidavit must comply with Singapore's Trustees Act and be sworn before a Commissioner for Oaths. It typically includes comprehensive information about the trust's assets, beneficiaries, trustee powers, and administrative provisions. An Affidavit of Trust is commonly used in estate planning, asset protection, and wealth management scenarios.

Suggested Sections

1. Introduction and Personal Details: Affiant's personal information and capacity as trustee or settlor

2. Trust Declaration: Formal declaration of the trust's existence and affiant's role

3. Trust Details: Description of trust property, beneficiaries, and terms

4. Trustee Powers and Duties: Enumeration of trustee responsibilities and authority

5. Verification Statement: Sworn statement of truth and accuracy of the affidavit contents

Optional Sections

1. Successor Trustees: Provisions for designating backup trustees and succession planning

2. Trust Amendment Provisions: Procedures and conditions for modifying trust terms (for revocable trusts)

3. Special Needs Provisions: Special arrangements and protections for disabled beneficiaries

4. Distribution Schedule: Specific timing and conditions for trust property distributions

Suggested Schedules

1. Schedule A - Trust Assets: Detailed inventory of trust property and assets

2. Schedule B - Beneficiary Details: Complete information about trust beneficiaries

3. Appendix 1 - Supporting Documents: Copies of relevant certificates, titles, and supporting documentation

4. Appendix 2 - Trust Income Records: Financial statements and income distribution records

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

Financial Services
Legal Services
Real Estate
Family Offices

Relevant Teams

Legal
Wealth Management
Compliance
Finance
Estate Planning

Relevant Roles

Trust Officer
Estate Planning Attorney
Wealth Manager
Corporate Trustee
Financial Advisor

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Let's create your Affidavit Of Trust

Authors

Alex Denne

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