A Declaration of Trust Agreement is a crucial legal instrument used in Ireland when establishing formal trust arrangements for various purposes, including asset protection, estate planning, property holding, and wealth management. This document is essential when parties wish to create a clear legal framework for holding assets in trust, whether for family wealth preservation, business succession, charitable purposes, or other arrangements. The agreement must comply with Irish trust law, including the Trustee Act 1893 and relevant tax legislation, and typically includes detailed provisions about the trust property, trustee powers and duties, beneficiary rights, and distribution rules. It's particularly important in situations involving property holdings, family settlements, or complex asset management arrangements where clear documentation of beneficial ownership and trustee obligations is required.
Create a bespoke document in minutes, or upload and review your own.
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聽of your information
Key Requirements PROMPT example:
Declaration Of Trust Agreement
"I need a Declaration of Trust Agreement to establish a family trust for holding our holiday home in Galway, with myself as settlor and my two siblings as co-trustees, ensuring equal distribution of property usage rights among our children as beneficiaries."
1. Parties: Identifies the Settlor(s), Trustee(s), and any specified Beneficiaries
2. Background: Sets out the context and intention to create the trust
3. Definitions: Defines key terms used throughout the document
4. Declaration of Trust: The formal declaration creating the trust and specifying the trust property
5. Trust Property: Detailed description of the assets being placed in trust
6. Trustee Powers: Comprehensive list of powers granted to the trustees
7. Trustee Duties and Responsibilities: Specific obligations and responsibilities of the trustees
8. Beneficiaries' Rights: Details of beneficiaries' entitlements and rights under the trust
9. Trust Period: Duration of the trust and any termination conditions
10. Distribution Provisions: Rules and procedures for distributing trust assets or income
11. Administrative Provisions: General provisions for trust administration
12. Governing Law and Jurisdiction: Confirms Irish law governs the trust and Irish courts have jurisdiction
1. Appointment and Removal of Trustees: Used when specific procedures for trustee changes are required beyond statutory provisions
2. Remuneration of Trustees: Include when professional trustees are appointed who will charge fees
3. Investment Powers: Detailed investment guidelines beyond standard trustee powers, used for larger or complex trusts
4. Protection Provisions: Additional clauses protecting trustees from liability, used for high-risk or complex trusts
5. Tax Provisions: Specific tax planning clauses, included when tax efficiency is a key consideration
6. Variation Powers: Powers to modify trust terms, included when flexibility is required
7. Perpetuity Provisions: Required for trusts that might operate for extended periods
8. Conflict Resolution: Specific procedures for resolving disputes, useful for family trusts or complex arrangements
1. Schedule 1 - Trust Property: Detailed inventory and description of all assets placed in trust
2. Schedule 2 - Initial Beneficiaries: Complete list and details of all initial beneficiaries
3. Schedule 3 - Trustee Investment Powers: Detailed investment guidelines and restrictions
4. Schedule 4 - Trustee Remuneration: Fee structure and payment terms for professional trustees
5. Appendix A - Trustee Meeting Procedures: Procedures for trustee meetings and decision-making
6. Appendix B - Distribution Rules: Detailed rules and formulas for trust distributions
7. Appendix C - Deed of Adherence: Template for adding new trustees or beneficiaries
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Real Estate
Wealth Management
Private Banking
Family Office Services
Professional Services
Legal Services
Trust Services
Property Management
Estate Planning
Private Client Services
Relevant Teams
Legal
Compliance
Wealth Management
Private Banking
Trust Administration
Risk Management
Tax Advisory
Estate Planning
Property Management
Corporate Services
Relevant Roles
Trust Officer
Private Client Lawyer
Estate Planning Attorney
Wealth Manager
Financial Advisor
Tax Consultant
Property Manager
Trust Administrator
Compliance Officer
Legal Counsel
Private Banking Manager
Family Office Manager
Trust Account Manager
Risk Management Officer
Corporate Trustee Officer
Find the exact document you need
Declaration Of Trust For Tenants In Common
An Irish legal document establishing property co-ownership rights and responsibilities under a tenancy in common arrangement.
find out more
Declaration Of Trust Joint Tenants
An Irish law document establishing joint tenancy property ownership, detailing owners' rights and responsibilities with automatic right of survivorship.
find out more
Trust Revocation Declaration
An Irish law-governed document that formally terminates an existing trust arrangement and provides for the disposition of trust assets.
find out more
Joint Tenants Declaration Of Trust
An Irish legal document establishing the rights and obligations between joint property owners who hold property as joint tenants, governed by Irish property and trust law.
find out more
Declaration Of Trust Agreement
An Irish law-governed document establishing a trust arrangement where trustees hold and manage assets for beneficiaries, setting out terms, powers, and obligations of all parties involved.
find out more
Agreement And Declaration Of Trust
An Irish law-governed document establishing a trust arrangement, detailing the transfer of assets from settlor to trustees and defining the terms of trust administration for beneficiaries.
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.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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 拢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.