All Countries
Legal Services
Beneficial Trust Agreement

Beneficial Trust Agreement 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 Beneficial Trust Agreement

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:

Beneficial Trust Agreement

"I need a Beneficial Trust Agreement under Philippine law to establish a family trust for my three children, with my eldest sister as trustee, to manage our family's real estate properties and investment portfolio, with quarterly distributions starting from March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Beneficial Trust Agreement is a crucial legal instrument in Philippine estate planning and asset management. This document is typically used when individuals or entities wish to transfer assets to be managed by a trustee for the benefit of specified beneficiaries, whether for family wealth preservation, charitable purposes, or specific asset protection needs. The agreement must comply with the Civil Code of the Philippines, particularly Articles 1440-1456 governing trusts, as well as relevant banking and securities regulations. It includes detailed provisions for trust administration, asset management, beneficiary rights, and distribution terms. The document is particularly relevant in scenarios involving substantial assets, family wealth transfer, special needs planning, or charitable giving. Trust agreements in the Philippines require careful structuring to ensure compliance with local trust laws, anti-money laundering regulations, and financial sector requirements.
Suggested Sections

1. Parties: Identifies and defines the Settlor (creator of trust), Trustee, and Beneficiaries with their complete details

2. Background: Explains the context and purpose for creating the trust, including the settlor's intentions

3. Definitions: Defines key terms used throughout the agreement

4. Declaration of Trust: Formal creation of the trust and transfer of assets from settlor to trustee

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

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

7. Rights and Interests of Beneficiaries: Specifies the nature and extent of beneficiaries' interests in the trust

8. Distribution Provisions: Details how and when trust assets or income will be distributed to beneficiaries

9. Trust Administration: Procedures for day-to-day management of the trust

10. Accounting and Reporting: Requirements for financial records, reports, and accountability to beneficiaries

11. Trustee Compensation: Terms of trustee remuneration and expense reimbursement

12. Duration and Termination: Specifies trust duration and conditions for termination

13. Governing Law and Jurisdiction: Confirms Philippine law governance and jurisdiction for disputes

14. Execution: Signature blocks and execution requirements

Optional Sections

1. Successor Trustee Provisions: Procedures for appointing replacement trustees - include when long-term trust administration is anticipated

2. Investment Guidelines: Specific investment parameters and restrictions - include when trust involves significant financial assets

3. Tax Provisions: Detailed tax handling and responsibilities - include when trust has significant tax implications

4. Spendthrift Provisions: Protections against beneficiary creditors - include when asset protection is a priority

5. Conflict Resolution: Alternative dispute resolution procedures - include when complex family dynamics exist

6. Amendment Procedures: Provisions for modifying trust terms - include when flexibility may be needed

7. Special Needs Provisions: Specific provisions for disabled beneficiaries - include when beneficiaries have special needs

8. Environmental Provisions: Environmental liability provisions - include when trust property includes real estate

Suggested Schedules

1. Schedule A - Trust Property: Detailed inventory and description of initial trust assets

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

3. Schedule C - Distribution Schedule: Specific timing and conditions for distributions

4. Schedule D - Trustee Compensation Schedule: Detailed breakdown of trustee fees and payment terms

5. Appendix 1 - Investment Policy Statement: Detailed investment guidelines and restrictions

6. Appendix 2 - Administrative Procedures: Detailed procedures for trust administration

7. Appendix 3 - Required Reports: Templates and requirements for periodic reporting

8. Appendix 4 - Tax Documentation: Relevant tax forms and procedures

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Beneficiary
Contingent Beneficiary
Distribution Date
Effective Date
Income
Initial Trust Property
Investment Policy
Net Income
Principal
Prohibited Person
Settlor
Successor Trustee
Trust
Trust Account
Trust Assets
Trust Capital
Trust Distribution
Trust Duration
Trust Fund
Trust Income
Trust Property
Trust Protector
Trust Purpose
Trust Year
Trustee
Trustee Powers
Vested Interest
Working Day
Philippine Peso
Governing Law
Material Adverse Effect
Reporting Period
Security Interest
Tax Authority
Third Party
Termination Date
Breach of Trust
Fiduciary Duty
Clauses
Declaration of Trust
Trust Property
Appointment of Trustee
Trustee Powers
Trustee Duties
Trustee Compensation
Beneficiary Rights
Distribution
Investment Powers
Asset Management
Accounting and Reporting
Confidentiality
Conflict of Interest
Liability and Indemnification
Successor Trustee
Trust Protector
Amendment
Termination
Governing Law
Dispute Resolution
Force Majeure
Severability
Notices
Assignment
Entire Agreement
Compliance
Anti-Money Laundering
Tax Provisions
Spendthrift Provisions
Representation and Warranties
Relevant Industries

Banking and Financial Services

Wealth Management

Estate Planning

Legal Services

Real Estate

Investment Management

Family Office Services

Private Banking

Insurance

Professional Services

Relevant Teams

Legal

Wealth Management

Trust Administration

Compliance

Risk Management

Investment Management

Client Relations

Tax Advisory

Estate Planning

Operations

Relevant Roles

Trust Officer

Wealth Manager

Estate Planning Attorney

Private Banker

Financial Advisor

Trust Administrator

Compliance Officer

Legal Counsel

Tax Advisor

Investment Manager

Risk Management Officer

Relationship Manager

Trust Operations Manager

Corporate Trustee

Family Office Manager

Industries
Civil Code of the Philippines (Republic Act No. 386): Primary legislation governing trust relationships, property rights, and obligations between parties in the Philippines. Specifically, Title V on Trusts (Articles 1440-1456) provides the fundamental rules for trust creation, administration, and termination.
Securities Regulation Code (Republic Act No. 8799): Regulates securities and investments that may be held in trust, including requirements for registration and disclosure when trust arrangements involve investment securities.
Anti-Money Laundering Act (Republic Act No. 9160): Provides regulations for preventing money laundering through trust arrangements and requires due diligence in identifying beneficial owners.
New Central Bank Act (Republic Act No. 7653): Contains provisions governing trust operations of banks and financial institutions, including regulations on trust entities and their operations.
National Internal Revenue Code: Governs the taxation aspects of trust arrangements, including tax obligations of trustees and beneficiaries.
Rules of Court (Rule 98): Provides procedural rules for trust-related litigation and judicial proceedings involving trusts.
Manual of Regulations for Banks (MORB): BSP regulations specifically dealing with trust operations, including requirements for trust entities and their fiduciary responsibilities.
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.

Read our Privacy Policy.