Document background
The Agreement And Declaration of Trust is a fundamental document in Hong Kong's trust law practice, used to formally establish trust arrangements for various purposes including estate planning, asset protection, and business succession. It is particularly relevant in Hong Kong's dynamic financial environment, where trusts serve as essential vehicles for both personal wealth management and commercial arrangements. The document must be drafted in compliance with Hong Kong's Trustee Ordinance and related legislation, while considering the territory's status as an international financial hub. This trust instrument details the transfer of assets to trustees, defines beneficiary interests, establishes trustee powers and obligations, and provides comprehensive administrative provisions. It's commonly used by high-net-worth individuals, family offices, and businesses seeking to establish structured asset management arrangements with clear governance frameworks.
