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Declaration Of Trust For Shares Template for Singapore

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Key Requirements PROMPT example:

Declaration Of Trust For Shares

"I need a Declaration of Trust for Shares to establish a trust over 10,000 ordinary shares in my Singapore tech startup, with my two children as equal beneficiaries and my sister acting as trustee, to be effective from March 1, 2025."

Document background
A Declaration of Trust for Shares is commonly used in Singapore when there's a need to separate legal and beneficial ownership of shares, often in family wealth planning, corporate restructuring, or employee share schemes. The document establishes clear evidence of trust arrangements, protecting both trustee and beneficiary interests while ensuring compliance with Singapore's trust and corporate laws. It includes detailed information about the shares held in trust, the parties involved, and the terms governing the trust relationship, making it essential for proper trust administration and corporate governance.
Suggested Sections

1. Parties: Identifies the trustee(s) and beneficiary(ies)

2. Background: Explains circumstances leading to trust creation and ownership of shares

3. Definitions: Defines key terms used throughout the declaration

4. Declaration of Trust: Core section declaring the trust arrangement and beneficial ownership

5. Trustee Powers and Duties: Details the powers and obligations of the trustee

6. Trust Terms: Specifies duration, distribution rules, and management of trust assets

7. Governing Law: Specifies Singapore law as governing law

Optional Sections

1. Remuneration of Trustee: Include when trustee is to receive compensation for professional trustees or complex arrangements

2. Protector Provisions: Powers and duties of trust protector, used when trust includes a protector role

3. Investment Powers: Specific investment authorities for trustee, used when active investment management is anticipated

4. Variation Clause: Mechanism for varying trust terms, used when flexibility needed for future changes

Suggested Schedules

1. Schedule 1: Trust Property: Details of shares held in trust including company name, number and class of shares

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

3. Appendix A: Share Certificates: Copies of relevant share certificates

4. Appendix B: Company Constitution: Copy of constitution of company whose shares are held in trust

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Industries

Trustees Act (Chapter 337): Primary legislation governing trustee duties, powers, and responsibilities. Includes provisions for trust creation, administration, trustee investments and indemnities.

Companies Act (Chapter 50): Legislation governing shareholding structures, share transfers, corporate ownership, beneficial ownership, and requirements for share registration and documentation.

Securities and Futures Act (Chapter 289): Regulates listed company shares, including disclosure requirements and insider trading provisions. Relevant when trust involves shares in public listed companies.

Trust Companies Act (Chapter 336): Governs the licensing and regulation of trust companies in Singapore, particularly relevant when professional trustees are involved in the trust structure.

Income Tax Act (Chapter 134): Addresses tax implications of trust structures, treatment of dividend income, and stamp duty considerations on share transfers.

Common Law Principles: Fundamental legal principles including fiduciary duties, rules against perpetuities, and principles of equity that govern trust relationships.

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

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Declaration Of Trust For Shares

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