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1. Parties: Identifies all relevant parties including the retiring trustee, continuing trustees, and beneficiaries involved in the release
2. Background: Sets out the context of the trust, appointment of the retiring trustee, and reason for the release
3. Definitions: Defines key terms used throughout the document
4. Confirmation of Trust Management: Statement confirming the retiring trustee's management of trust affairs and handover of trust property
5. Release and Discharge: Core release provisions releasing the retiring trustee from all claims and liabilities
6. Indemnity: Provisions for ongoing indemnification of the retiring trustee by the continuing trustees
7. Return of Trust Property: Confirmation of the transfer of all trust property to continuing trustees
8. Governing Law: Specification that New Zealand law governs the release
9. Execution: Formal execution block for all parties to sign
1. Specific Exclusions: Used when certain matters are explicitly excluded from the release
2. Beneficiary Acknowledgment: Include when adult beneficiaries are asked to acknowledge and consent to the release
3. Outstanding Remuneration: Required when there are any unpaid trustee fees or expenses to be addressed
4. Continuing Obligations: Used when certain obligations of the retiring trustee continue post-release
5. Tax Matters: Include when specific tax issues need to be addressed or reserved
6. Dispute Resolution: Optional clause for specifying how any future disputes about the release will be resolved
1. Schedule 1 - Trust Property: Detailed inventory of trust property handed over by the retiring trustee
2. Schedule 2 - Outstanding Matters: List of any ongoing matters or proceedings that need to be addressed
3. Schedule 3 - Relevant Trust Documents: List of trust documents handed over to continuing trustees
4. Appendix A - Trust Deed: Copy of the original trust deed and any amendments
5. Appendix B - Trustee Appointment: Copy of the retiring trustee's appointment documentation
Trust Deed
Trust Property
Retiring Trustee
Continuing Trustees
Beneficiaries
Adult Beneficiaries
Minor Beneficiaries
Appointment Date
Retirement Date
Effective Date
Claims
Liabilities
Trust Documents
Trust Accounts
Distribution
Indemnity
Release
Trust Administration
Trust Powers
Trust Obligations
Outstanding Matters
Relevant Period
Trust Records
Trust Assets
Trust Liabilities
Settled Property
Trustee Actions
Trust Income
Trust Capital
Associated Documents
Proper Administration
Indemnification
Property Transfer
Representations and Warranties
Confidentiality
Further Assurance
Severability
Assignment
Entire Agreement
Governing Law
Dispute Resolution
Notices
Execution
Counterparts
Time of Essence
Costs
Authority
Acknowledgment
Amendment
Waiver
Survival
Good Faith
Tax Matters
Records and Documentation
Third Party Rights
Force Majeure
Compliance with Laws
Legal Services
Financial Services
Real Estate
Private Wealth Management
Family Office
Professional Services
Estate Planning
Banking
Insurance
Property Management
Legal
Compliance
Trust Administration
Wealth Management
Risk Management
Corporate Services
Private Client Services
Estate Planning
Property Management
Document Management
Trust Lawyer
Estate Planning Attorney
Trust Administrator
Wealth Manager
Financial Advisor
Trust Officer
Property Manager
Legal Counsel
Company Secretary
Risk Manager
Compliance Officer
Private Client Advisor
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