Trust Deeds

A trust deed needs to reflect the purpose of the arrangement and the responsibilities of the people involved. Lim Wong & Partners assists with trust deeds as part of its property and corporate practice. An initial discussion can help organise the questions about the relevant assets, the proposed trustee and the people intended to benefit.

Start with the practical objective. You may wish to clarify an arrangement involving property, family assets or another identified interest. Explain who presently owns or controls the asset and how you expect decisions, expenses and future changes to be handled. The wording needs to be considered alongside the actual ownership and supporting records.

Provide a clear description of what you want the arrangement to achieve, together with any existing document. Where several family members or business participants are involved, identify each person’s role and any differences in their understanding. This allows the discussion to focus on the real arrangement rather than a generic form.

• Asset particulars, ownership records, financing information and any relevant existing agreement.
• Names and proposed roles of the trustee and beneficiaries, including any intended replacement arrangements.
• Your instructions on use of the asset, expenses, decisions, distributions and circumstances that may change.

• ✓Existing DocumentsRelevant agreements, applications, notices and records concerning trust deeds.
• ✓Supporting InformationCorrespondence, identification details and any documents referred to in your initial discussion.
• ✓Chronology and PrioritiesKey dates, steps already taken, outstanding concerns and the assistance you wish to discuss.