Declaration Of Trust Template for Indonesia

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Key Requirements PROMPT example:

Declaration Of Trust

"I need a Declaration of Trust to establish a family trust in Indonesia for managing our Jakarta property portfolio, with myself as settlor and two trustees, to benefit my three children with equal distribution rights starting from January 2025."

Document background

A Declaration of Trust is essential in situations where there is a need to formally establish and document arrangements where assets are held by one party (trustee) for the benefit of others (beneficiaries) under Indonesian law. This document is particularly relevant in estate planning, family wealth management, and property holding arrangements. The Declaration of Trust must be executed before an Indonesian notary and typically includes detailed provisions about the trust property, trustee powers, beneficiary rights, and distribution mechanisms. While Indonesia's civil law system doesn't recognize trusts in the same way as common law jurisdictions, this document creates similar legal relationships through careful structuring within the Indonesian legal framework. It's commonly used for family wealth planning, property management, and business arrangements where asset protection and structured management are required.

Suggested Sections

1. Parties: Identifies the Settlor (creator of trust), Trustee(s), and named Beneficiaries

2. Background: Explains the context and purpose of creating the trust

3. Definitions: Defines key terms used throughout the document

4. Declaration of Trust: Formal statement declaring the trust arrangement and confirming the transfer of assets to the trustee

5. Trust Property: Detailed description of the assets being placed in trust

6. Trustee Powers and Duties: Comprehensive list of trustee's powers and responsibilities in managing the trust

7. Beneficiary Rights: Specifies the rights and entitlements of the beneficiaries

8. Trust Duration: Specifies the term of the trust and conditions for termination

9. Distribution Provisions: Details how and when trust assets will be distributed to beneficiaries

10. Administrative Provisions: Covers operational aspects including record-keeping, accounting, and reporting requirements

11. Governing Law: Confirms Indonesian law as governing law and relevant jurisdictional matters

12. Execution: Formal execution block meeting Indonesian notarial requirements

Optional Sections

1. Trustee Remuneration: Include when trustees are to be compensated for their services

2. Successor Trustees: Include when providing for replacement trustees

3. Investment Powers: Include when trustees need specific investment authority beyond standard powers

4. Tax Provisions: Include when specific tax planning arrangements are required

5. Dispute Resolution: Include when specific dispute resolution procedures are desired

6. Protection Provisions: Include when additional trustee liability protection is needed

7. Amendment Powers: Include when the settlor wants to retain power to modify trust terms

Suggested Schedules

1. Schedule A - Trust Property: Detailed inventory and description of all assets placed in trust

2. Schedule B - Beneficiary Details: Complete information about beneficiaries and their respective entitlements

3. Schedule C - Initial Trustees: Details of initial trustees and their contact information

4. Schedule D - Distribution Schedule: Specific timeline or conditions for asset distribution if applicable

5. Appendix 1 - Asset Documentation: Copies of relevant property titles, certificates, or other asset documentation

6. Appendix 2 - Trustee Acceptance: Formal acceptance of appointment by trustees

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services

Real Estate

Wealth Management

Legal Services

Family Office Services

Property Development

Asset Management

Estate Planning

Investment Services

Professional Services

Relevant Teams

Legal

Wealth Management

Estate Planning

Property Management

Trust Administration

Compliance

Risk Management

Asset Management

Financial Advisory

Corporate Services

Relevant Roles

Legal Counsel

Wealth Manager

Estate Planner

Property Manager

Trust Officer

Notary Public

Financial Advisor

Asset Manager

Family Office Manager

Corporate Trustee

Legal Director

Compliance Officer

Risk Manager

Investment Manager

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Declaration Of Representative

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Authors

Alex Denne

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