Assignment Deed Of Trust Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Assignment Deed Of Trust

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Assignment Deed Of Trust

"I need an Assignment Deed of Trust under Philippine law to transfer trustee responsibilities from ABC Trust Corporation to XYZ Bank Trust Division, effective March 1, 2025, for a commercial real estate trust portfolio valued at approximately 50 million pesos."

Document background
The Assignment Deed of Trust is a crucial document used in Philippine trust law when there is a need to change trustees of an existing trust arrangement. This document becomes necessary in various situations, such as when a current trustee resigns, becomes incapacitated, or when there's a strategic decision to appoint a new trustee. The deed must comply with Philippine legal requirements, including the Civil Code and Securities Regulation Code, and typically requires careful drafting to ensure all trust assets and responsibilities are properly transferred. It includes comprehensive details about the trust property, the rights and obligations being assigned, warranties from both parties, and any necessary regulatory approvals. The document is particularly important in maintaining the continuity of trust administration while protecting the interests of all parties involved, especially the beneficiaries.
Suggested Sections

1. Parties: Identifies and provides full details of the Assignor (current trustee), Assignee (new trustee), and any other relevant parties such as the trust beneficiaries

2. Background: Recitals explaining the existence of the current trust, its purpose, and the reason for the assignment

3. Definitions: Defines key terms used throughout the deed, including Trust Property, Effective Date, Trust Deed, etc.

4. Assignment: Core provision detailing the assignment of the trust rights, obligations, and property from Assignor to Assignee

5. Effective Date and Completion: Specifies when the assignment takes effect and any conditions precedent

6. Assignor's Warranties: Warranties regarding the trust property, authority to assign, and status of the trust

7. Assignee's Warranties: Warranties regarding capacity and authority to accept the assignment and act as trustee

8. Indemnities: Mutual indemnifications between Assignor and Assignee

9. Compliance with Trust Deed: Confirmation that the assignment complies with the original trust deed requirements

10. Notices: Procedure for giving notices under the deed

11. Governing Law and Jurisdiction: Confirms Philippine law as governing law and specifies jurisdiction for disputes

12. Execution: Formal execution block with necessary attestation requirements

Optional Sections

1. Beneficiary Consent: Required when the original trust deed mandates beneficiary consent for assignment

2. Regulatory Approval: Required when the trust assignment needs specific regulatory approvals

3. Tax Provisions: Including specific tax-related provisions when the assignment has significant tax implications

4. Security Arrangements: Required when there are specific security arrangements that need to be transferred or created

5. Transitional Provisions: Used when there needs to be a transition period for the transfer of trust responsibilities

6. Third Party Consents: Required when consent from third parties (e.g., banks, contract counterparties) is needed

Suggested Schedules

1. Schedule 1 - Trust Property: Detailed inventory of all trust assets being transferred

2. Schedule 2 - Original Trust Deed: Copy of the original trust deed and any amendments

3. Schedule 3 - Beneficiary Details: List of all beneficiaries and their respective interests

4. Schedule 4 - Outstanding Obligations: List of all ongoing obligations and liabilities of the trust

5. Schedule 5 - Required Consents: Copies of all required consents and approvals

6. Appendix A - Transfer Documents: Forms and documents required to effect the transfer of specific assets

7. Appendix B - Powers of Attorney: Any required powers of attorney to facilitate the assignment

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

Relevant legal definitions
Clauses
Relevant Industries

Banking and Financial Services

Real Estate

Asset Management

Investment Management

Wealth Management

Corporate Services

Trust Services

Legal Services

Family Office Services

Estate Planning

Relevant Teams

Legal

Compliance

Trust Administration

Wealth Management

Corporate Secretarial

Risk Management

Asset Management

Private Client Services

Fiduciary Services

Document Management

Relevant Roles

Trust Officer

Legal Counsel

Corporate Lawyer

Compliance Officer

Trust Administrator

Wealth Manager

Estate Planning Attorney

Trust Operations Manager

Risk Manager

Company Secretary

Senior Trust Associate

Fiduciary Services Manager

Asset Manager

Private Client Advisor

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Legal Trust Agreement

A Philippine law-governed agreement establishing a trust relationship, detailing asset transfer, management obligations, and beneficiary rights.

find out more

Life Insurance Trust Agreement

A Philippine-law governed agreement establishing a trust to hold and manage life insurance policies, defining trustee duties and beneficiary distributions under local insurance and trust regulations.

find out more

Trust Agreement For Shares

A Philippine law-governed agreement establishing a trust arrangement for corporate shares, defining the relationship between settlor, trustee, and beneficiaries.

find out more

Declaration Of Trust Property

A Philippine legal document establishing a trust arrangement where property is transferred to trustees for management on behalf of beneficiaries, governed by Philippine law.

find out more

Nominee Declaration Of Trust

A Philippine law-governed declaration establishing a trust relationship where a nominee holds legal title to assets on behalf of a beneficial owner.

find out more

Addendum To Trust Deed

A Philippine law-governed document that modifies an existing trust deed by amending specific provisions while maintaining the original trust structure.

find out more

Real Property Trust Agreement

A Philippine law-governed agreement establishing a trust over real property, defining the relationship between settlor, trustee, and beneficiaries.

find out more

Personal Property Trust Agreement

A Philippine law-governed agreement establishing a trust relationship for personal property management, defining trustee duties and beneficiary rights.

find out more

Joint Trust Agreement

A Philippine law-governed agreement establishing a joint trust arrangement between multiple trustors, trustees, and beneficiaries, regulated by BSP and Civil Code provisions.

find out more

Trust Merger Agreement

A Philippine law-governed agreement documenting the merger of two trust entities, including transfer of assets and regulatory compliance requirements.

find out more

Deed Of Ratification Trust Deed

A Philippine legal document that formally ratifies and confirms an existing trust deed, ensuring its continued validity under Philippine law while potentially incorporating necessary updates.

find out more

Trust Management Agreement

A Philippine-law governed agreement establishing a trust relationship between a trust company and client, detailing asset management terms under BSP regulations.

find out more

Constructive Trust Agreement

A Philippine law-governed agreement establishing a constructive trust relationship between a trustee and beneficiary, defining property rights and obligations under Articles 1440-1456 of the Civil Code.

find out more

Simple Trust Agreement

A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.

find out more

Revocable Declaration Of Trust

A Philippine law-governed trust document establishing a revocable trust relationship between settlor, trustee, and beneficiaries, detailing asset management and distribution terms.

find out more

Indemnity Deed Of Trust

A Philippine law-governed trust instrument that combines trust arrangements with indemnification provisions, establishing asset protection and beneficiary rights under trustee management.

find out more

Formal Trust Agreement

A legally binding agreement under Philippine law that establishes a trust relationship, detailing the transfer and management of assets from settlor to trustee for beneficiaries' benefit.

find out more

Beneficial Trust Agreement

A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.

find out more

Construction Deed Of Trust

A Philippine law-governed trust instrument that establishes a three-party arrangement for managing construction projects and protecting stakeholder interests.

find out more

Contractual Trust Agreement

A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and wealth preservation.

find out more

Vehicle Trust Agreement

A Philippine law-governed agreement establishing a trust arrangement for vehicle management and operation, defining trustee powers and beneficiary rights.

find out more

Irrevocable Trust Agreement

A Philippine law-governed agreement establishing an irrevocable trust relationship between settlor, trustee, and beneficiaries for permanent asset transfer and management.

find out more

Living Trust Agreement

A Philippine law-governed agreement establishing a living trust for asset management and distribution, defining trustee duties and beneficiary rights.

find out more

Revocable Trust Agreement

A Philippine law-governed agreement establishing a modifiable trust relationship for asset management and distribution, with retained rights of revocation by the settlor.

find out more

Land Trust Agreement

A Philippine law-governed agreement establishing a trust relationship for land property management, defining trustee duties and beneficiary rights.

find out more

Family Trust Agreement

A Philippine law-governed agreement establishing a family trust arrangement for asset management and wealth transfer between generations.

find out more

Trust Fund Agreement

A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for the management of specified assets.

find out more

Assignment Deed Of Trust

A Philippine law-governed document that formally transfers trustee responsibilities and trust assets from an existing trustee to a new trustee.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.