Deed Of Termination Of Trust for Malta
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Deed Of Termination Of Trust
"I need a Deed of Termination of Trust for a Malta-based family trust that needs to be terminated by March 2025, with provisions for staged distribution of assets to three adult beneficiaries and specific tax compliance requirements."
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1. Parties: Identification of all parties including the Trustee(s), Settlor (if alive), and all Beneficiaries
2. Background: Details of the original trust deed, including date of creation, registration details, and any subsequent modifications
3. Definitions: Definitions of key terms used in the deed, including references to the original trust deed terms
4. Recitals: Statement of the circumstances leading to termination and confirmation that all conditions for termination under the original trust deed and Maltese law have been met
5. Declaration of Termination: Formal declaration that the trust is terminated and the effective date of termination
6. Confirmation of Asset Distribution: Details of how the trust assets have been or will be distributed to beneficiaries
7. Release and Discharge: Mutual release and discharge of the trustee from their duties and liabilities
8. Tax Declarations: Confirmations regarding tax compliance and responsibility for any outstanding tax obligations
9. Governing Law: Confirmation that the deed is governed by Maltese law
10. Execution: Formal execution block meeting Maltese notarial requirements
1. Surviving Trustee Provisions: Required if there are multiple trustees and one or more will continue to hold assets during the distribution phase
2. Indemnification: Optional provisions for trustee indemnification beyond standard release, typically included for complex trusts
3. Interim Administration: Required if there will be a period of interim administration before final distribution
4. Dispute Resolution: Optional section detailing process for resolving any disputes arising from the termination
5. Regulatory Notifications: Required if the trust is regulated by the MFSA or other regulatory bodies
6. Foreign Law Compliance: Required if the trust holds foreign assets or involves cross-border elements
1. Schedule 1 - Trust Assets: Comprehensive list of all trust assets and their current value at termination
2. Schedule 2 - Distribution Plan: Detailed plan showing how assets will be distributed to each beneficiary
3. Schedule 3 - Outstanding Liabilities: List of any outstanding liabilities or obligations of the trust
4. Appendix A - Consents: Copies of written consents from all required parties to the termination
5. Appendix B - Tax Clearances: Copies of any tax clearances or certificates obtained
6. Appendix C - Original Trust Deed: Copy of the original trust deed and any amendments
Authors
Distribution Date
Effective Date
Original Trust Deed
Parties
Protector
Regulatory Authority
Remaining Assets
Settlor
Trust
Trust Assets
Trust Liabilities
Trust Period
Trustee
Termination Date
Termination Notice
Tax Clearance Certificate
Trust Fund
Trust Property
Trust Register
Vesting Date
Working Day
Applicable Law
Deed
Distribution Plan
Execution Date
Final Accounts
Malta
MFSA
Notary Public
Release
Regulatory Requirements
Settlement Date
Recitals
Declaration of Termination
Conditions Precedent
Distribution of Assets
Final Accounting
Release and Discharge
Indemnification
Tax Compliance
Regulatory Compliance
Asset Transfer
Representations and Warranties
Further Assurance
Costs and Expenses
Notices
Severability
Entire Agreement
Amendments
Governing Law
Jurisdiction
Confidentiality
Force Majeure
Dispute Resolution
Trustee Powers
Beneficiary Acknowledgments
Execution Requirements
Financial Services
Legal Services
Wealth Management
Private Banking
Family Office Services
Corporate Services
Real Estate
Investment Management
Trust and Fiduciary Services
Professional Services
Legal
Compliance
Wealth Management
Trust Administration
Corporate Services
Tax Advisory
Regulatory Affairs
Client Services
Fiduciary Services
Document Management
Trust Officer
Legal Counsel
Compliance Officer
Wealth Manager
Private Client Advisor
Tax Consultant
Trust Administrator
Corporate Services Manager
Fiduciary Services Director
Senior Legal Associate
Notary Public
Regulatory Affairs Manager
Trust Accountant
Estate Planning Advisor
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