Document background
The Trust Letter of Authority serves as a crucial legal instrument in Belgian business and financial contexts, providing a formal mechanism for delegating authority and decision-making powers. While Belgium operates under civil law and traditionally doesn't have a trust system similar to common law jurisdictions, the document incorporates principles from the Hague Convention on Trusts, which Belgium has ratified. The letter typically outlines specific powers granted, duration of authority, asset details, and reporting requirements. It's particularly valuable in situations requiring clear delegation of authority for asset management, financial transactions, or business operations, whether for personal or corporate purposes. The document must be drafted to ensure compatibility with Belgian legal requirements while maintaining practical utility for both domestic and international transactions.
