A Formal Trust Agreement is essential when establishing a trust arrangement under Philippine law, governed primarily by the Civil Code of the Philippines and various financial regulations. This document is used when individuals or entities wish to create a legal arrangement where assets are transferred to trustees for management on behalf of beneficiaries. The agreement comprehensively details the trust structure, including asset transfer mechanisms, trustee powers and duties, beneficiary rights, and distribution rules. It's particularly crucial for estate planning, wealth management, and asset protection purposes. The document must comply with Philippine trust laws, banking regulations (especially when financial institutions are involved), and anti-money laundering provisions. The Formal Trust Agreement serves as the foundational document that governs the entire trust relationship and provides clarity on all aspects of trust administration and management.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identifies the Settlor, Trustee(s), and Beneficiaries with their complete legal names and addresses
2. Background: Sets out the context and purpose for establishing the trust, including the Settlor's intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Declaration of Trust: Formal establishment of the trust and transfer of assets from Settlor to Trustee
5. Trust Property: Detailed description of the initial trust property and provisions for additional property
6. Powers and Duties of Trustees: Comprehensive list of trustees' powers and obligations under Philippine law
7. Rights and Interests of Beneficiaries: Specifies the nature and extent of beneficiaries' interests in the trust
8. Trust Administration: Procedures for managing the trust, including investment powers and distribution rules
9. Duration and Termination: Specifies trust duration and circumstances for termination
10. Governing Law and Jurisdiction: Confirms Philippine law governance and jurisdiction for disputes
11. Execution: Formal execution requirements and signature blocks
1. Successor Trustees: Used when providing for appointment and succession of trustees
2. Protector Provisions: Included when a trust protector is appointed to oversee trustee actions
3. Investment Guidelines: Detailed when specific investment restrictions or guidelines are needed
4. Tax Provisions: Added for trusts with specific tax planning objectives
5. Charitable Purposes: Required for charitable trusts or those with charitable elements
6. Foreign Element Provisions: Included when trust has international aspects or foreign beneficiaries
7. Variation Powers: Used when specific powers to modify trust terms are desired
8. Anti-Money Laundering Compliance: Required for trusts involving significant assets or financial institutions
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 Rules: Specific rules and formulas for trust distributions
4. Schedule D - Investment Guidelines: Detailed investment parameters and restrictions
5. Schedule E - Trustee Compensation: Fee structure and payment terms for trustees
6. Appendix 1 - Required Documents: List of documents required for trust administration
7. Appendix 2 - Compliance Requirements: Summary of regulatory compliance obligations
8. Appendix 3 - Administrative Procedures: Detailed procedures for trust administration and record-keeping
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.
Download
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.
Download
Trust Agreement For Shares
A Philippine law-governed agreement establishing a trust arrangement for corporate shares, defining the relationship between settlor, trustee, and beneficiaries.
Download
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.
Download
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.
Download
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.
Download
Real Property Trust Agreement
A Philippine law-governed agreement establishing a trust over real property, defining the relationship between settlor, trustee, and beneficiaries.
Download
Personal Property Trust Agreement
A Philippine law-governed agreement establishing a trust relationship for personal property management, defining trustee duties and beneficiary rights.
Download
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.
Download
Trust Merger Agreement
A Philippine law-governed agreement documenting the merger of two trust entities, including transfer of assets and regulatory compliance requirements.
Download
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.
Download
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.
Download
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.
Download
Simple Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.
Download
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.
Download
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.
Download
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.
Download
Beneficial Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and distribution.
Download
Construction Deed Of Trust
A Philippine law-governed trust instrument that establishes a three-party arrangement for managing construction projects and protecting stakeholder interests.
Download
Contractual Trust Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for asset management and wealth preservation.
Download
Vehicle Trust Agreement
A Philippine law-governed agreement establishing a trust arrangement for vehicle management and operation, defining trustee powers and beneficiary rights.
Download
Irrevocable Trust Agreement
A Philippine law-governed agreement establishing an irrevocable trust relationship between settlor, trustee, and beneficiaries for permanent asset transfer and management.
Download
Living Trust Agreement
A Philippine law-governed agreement establishing a living trust for asset management and distribution, defining trustee duties and beneficiary rights.
Download
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.
Download
Land Trust Agreement
A Philippine law-governed agreement establishing a trust relationship for land property management, defining trustee duties and beneficiary rights.
Download
Family Trust Agreement
A Philippine law-governed agreement establishing a family trust arrangement for asset management and wealth transfer between generations.
Download
Trust Fund Agreement
A Philippine law-governed agreement establishing a trust relationship between settlor, trustee, and beneficiaries for the management of specified assets.
Download
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.
Download
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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)