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Declaration Of Bare Trust And Agency Agreement
"I need a Declaration of Bare Trust and Agency Agreement to set up a bare trust for my London property, with ABC Property Management Limited as the agent responsible for managing the property from 1 March 2025, ensuring all rental income goes directly to my children as beneficiaries."
1. Parties: Identifies trustee, beneficiary, and agent with full details
2. Background: Context and purpose of the bare trust and agency arrangement
3. Definitions: Key terms used throughout the document
4. Declaration of Trust: Formal declaration of bare trust over specified assets
5. Trust Property: Detailed description of assets held in trust
6. Agency Appointment: Terms of agent's appointment and scope of authority
7. Duties and Powers: Obligations and authorities of trustee and agent
8. Termination: Circumstances and process for ending the arrangements
1. Remuneration: Terms of payment for agent or trustee services - used when services are not provided gratuitously
2. Liability and Indemnity: Additional protection for trustees or agents - used when parties require specific risk allocation
3. Reporting Requirements: Specific reporting obligations - used for complex arrangements requiring regular updates
4. Tax Provisions: Specific tax treatment agreements - used when specific tax positions need to be documented
1. Schedule 1 - Trust Property: Detailed inventory of assets held in trust
2. Schedule 2 - Agent's Powers: Detailed list of agent's specific authorities
3. Schedule 3 - Fee Schedule: Detailed breakdown of any fees or charges (optional)
4. Schedule 4 - Reporting Template: Standard format for periodic reports (optional)
Authors
Agency Services
Applicable Laws
Bare Trust
Beneficiary
Business Day
Commencement Date
Confidential Information
Declaration
Effective Date
Encumbrance
Fee Schedule
Force Majeure Event
Governing Law
Income
Indemnity
Legal Title
Losses
Notices
Parties
Powers of Attorney
Proper Law
Regulatory Requirements
Services
Term
Termination Date
Trust
Trust Assets
Trust Period
Trust Property
Trustee
Trustee Act
Trustee Powers
Working Hours
Appointment of Agent
Trust Property
Trustee Powers and Duties
Agent Powers and Duties
Beneficiary Rights
Duration and Termination
Remuneration
Expenses
Record Keeping
Confidentiality
Data Protection
Conflicts of Interest
Indemnities
Liability Limitations
Force Majeure
Assignment and Delegation
Variation
Notices
Severability
Entire Agreement
Third Party Rights
Counterparts
Governing Law
Jurisdiction
Tax Compliance
Anti-Money Laundering
Regulatory Compliance
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