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1. Parties: Identifies all relevant parties including the trustee(s) being released, continuing trustees (if any), all beneficiaries providing the release, and the trust itself
2. Background: Sets out the context including trust creation date, trustee appointment details, and reason for seeking release
3. Definitions: Defines key terms used in the release form including 'Trust Property', 'Accounting Period', and 'Claims'
4. Confirmation of Accounts: Acknowledgment by beneficiaries that they have received and reviewed the final trust accounts
5. Confirmation of Distributions: Confirmation that all required distributions have been made or arrangements for final distributions have been agreed
6. Release Provisions: The formal release of the trustee from all claims relating to their administration of the trust
7. Governing Law: Specifies the applicable provincial law governing the release
8. Execution: Signature blocks for all required parties with witness provisions
1. Continuing Trustee Provisions: Required when there are continuing trustees who will take over administration of the trust
2. Indemnification: Additional protection for trustees against future claims or costs, used in complex trust situations
3. Reserved Powers: Used when certain matters are specifically excluded from the scope of the release
4. Tax Matters: Specific provisions regarding tax filings and liabilities, needed for trusts with complex tax situations
5. Dispute Resolution: Added when parties want to specify how future disputes about the release will be handled
6. Survival of Certain Obligations: Used when certain trustee duties or obligations survive the release
1. Schedule A - Trust Account Summary: Detailed summary of trust accounts for the relevant period
2. Schedule B - Final Distribution Schedule: Details of final distributions to be made or confirmation of distributions already made
3. Schedule C - Trust Assets Inventory: Complete inventory of trust assets and their disposition
4. Schedule D - Outstanding Matters: List of any outstanding matters to be handled by continuing trustees or requirements for final wind-up
5. Schedule E - Tax Clearance Documents: Copies of tax clearance certificates or relevant tax documentation
Trust Deed
Trust Property
Trust Assets
Accounting Period
Claims
Distribution Date
Effective Date
Final Accounts
Retiring Trustee
Continuing Trustees
Beneficiaries
Liabilities
Released Claims
Reserved Matters
Trust Administration
Trust Documents
Applicable Law
Settlement Date
Final Distribution
Trust Income
Trust Capital
Indemnified Parties
Release Period
Relevant Jurisdiction
Tax Obligations
Outstanding Matters
Trust Expenses
Distribution Schedule
Execution Date
Interpretation
Acknowledgment of Accounts
Confirmation of Distributions
Release and Discharge
Indemnification
Tax Matters
Continuing Obligations
Representations and Warranties
Governing Law
Severability
Further Assurance
Entire Agreement
Amendment
Assignment
Notices
Counterparts
Survival
Dispute Resolution
Confidentiality
Authority
Execution
Legal Services
Financial Services
Estate Planning
Wealth Management
Banking
Insurance
Charitable Organizations
Family Offices
Corporate Services
Trust Companies
Legal
Wealth Management
Trust Administration
Estate Planning
Compliance
Risk Management
Private Client Services
Corporate Trust Services
Fiduciary Services
Document Management
Trust Officer
Estate Planning Attorney
Corporate Trustee
Trust Administrator
Wealth Manager
Financial Advisor
Trust Account Manager
Legal Counsel
Compliance Officer
Risk Manager
Fiduciary Services Manager
Estate Planning Consultant
Trust Operations Manager
Private Client Advisor
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