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Trustee Release Form
"I need a Trustee Release Form to formally discharge John Smith as trustee of our family trust following his retirement on March 1, 2025, ensuring proper handover of all trust assets and documentation to the remaining two trustees."
1. Parties: Details of the outgoing trustee, remaining trustees, and any new trustees
2. Background: History of the trust, reason for trustee release, and current status
3. Definitions: Key terms used throughout the document
4. Release Provisions: Formal release of the outgoing trustee from duties and obligations
5. Indemnities: Protection for the outgoing trustee against future claims
6. Execution: Signature blocks and witnessing requirements
1. Asset Transfer Provisions: Required when specific trust assets need to be transferred - use when trust property needs formal transfer documentation
2. Tax Declarations: Statements regarding tax implications - use when tax liabilities might arise from the release
3. Continuing Obligations: Any ongoing duties of the outgoing trustee - use when certain obligations survive the release
1. Schedule of Trust Assets: Comprehensive list of trust property and assets
2. Schedule of Outstanding Matters: List of any unresolved issues or ongoing transactions
3. Deed of Appointment: If new trustees are being appointed simultaneously
4. Previous Trust Deed: Copy of the original trust deed and any amendments
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