All Countries
Corporate Governance
Memorandum Of Wishes

Memorandum Of Wishes 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 Memorandum Of Wishes

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:

Memorandum Of Wishes

"I need a Memorandum of Wishes drafted under Philippine law to accompany my trust deed, specifically focusing on the care and education of my three minor children and the management of my family business interests until the youngest turns 21."

Celebrated by
Collaborations with
Investors
Document background
The Memorandum of Wishes serves as a crucial supplementary document in Philippine estate planning and trust arrangements. While not legally binding, it provides essential guidance to trustees, executors, and guardians about the settlor's or testator's intentions regarding asset management, distribution, and beneficiary care. This document is particularly valuable when formal legal documents like wills or trust deeds cannot fully capture the nuanced preferences or reasoning behind certain decisions. Operating within the Philippine legal framework, a Memorandum of Wishes often includes personal messages, detailed explanations of decisions, specific care instructions for beneficiaries, and guidance on asset management. It's commonly used by high-net-worth individuals, families with complex asset structures, or situations involving minor beneficiaries or special needs dependents.
Suggested Sections

1. Introduction and Personal Details: Identifies the person making the wishes (the 'testator' or 'settlor') including full legal name, address, and date of creation of the memorandum

2. Purpose Statement: Clear statement that this document is a non-binding Memorandum of Wishes intended to provide guidance to trustees/executors

3. Reference to Primary Document: Identifies the associated legal document (trust deed or will) that this memorandum supplements

4. Expression of Wishes: Main body detailing the testator's/settlor's wishes regarding distribution of assets, care of beneficiaries, or administration of trust

5. Rationale for Decisions: Explanation of the reasoning behind key decisions to help trustees/executors understand the intent

6. Closing Statement: Confirmation that these are current wishes and may be updated, with date and signature

Optional Sections

1. Family Background: Detailed information about family members and relationships, particularly useful when the wishes involve complex family dynamics

2. Special Care Instructions: Specific guidance for beneficiaries requiring special care or having special needs

3. Business Interests: Guidance regarding the handling of business assets or interests, if applicable

4. Personal Items Distribution: Detailed wishes regarding specific personal items or heirlooms

5. Guardian Guidance: Specific instructions for guardians of minor children, if applicable

6. Investment Preferences: Guidance on preferred investment approaches for trustees managing financial assets

7. Ethical Considerations: Guidance on ethical or religious considerations in asset management or distribution

Suggested Schedules

1. Schedule A - Asset List: Detailed list of specific assets referenced in the memorandum with any special instructions

2. Schedule B - Beneficiary Details: Comprehensive information about beneficiaries including contact details and special circumstances

3. Schedule C - Letter to Beneficiaries: Personal messages or explanations to specific beneficiaries

4. Appendix 1 - Family Tree: Visual representation of family relationships to provide clarity on beneficiary connections

5. Appendix 2 - Supporting Documents: Copies of relevant documents referenced in the memorandum

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
Clauses
Identification and Capacity
Purpose and Intent
Reference to Primary Document
Asset Distribution
Trust Administration
Investment Guidance
Education Provisions
Family Care
Business Succession
Personal Effects Distribution
Ethical Considerations
Religious Observance
Special Needs Care
Guardian Instructions
Communication with Beneficiaries
Tax Planning Preferences
Charitable Giving
Property Management
Family Harmony
Document Updates
Supporting Documentation
Personal Messages
Funeral Arrangements
Cultural Considerations
Relevant Industries

Legal Services

Financial Services

Wealth Management

Estate Planning

Private Banking

Trust Services

Family Office Services

Insurance

Professional Services

Relevant Teams

Legal

Wealth Management

Trust Administration

Private Banking

Estate Planning

Succession Planning

Client Advisory

Family Office

Relevant Roles

Estate Planning Lawyer

Trust Officer

Wealth Manager

Private Banker

Financial Advisor

Family Office Manager

Legal Counsel

Estate Administrator

Probate Lawyer

Trust Administrator

Succession Planning Specialist

Private Client Advisor

Industries
Civil Code of the Philippines (Republic Act No. 386): Fundamental law governing civil relationships, contracts, and obligations in the Philippines. Particularly relevant for the formal requirements and validity of legal documents.
New Civil Code Article 784-785: Specific provisions relating to succession and testamentary matters, which are relevant as a Memorandum of Wishes often accompanies a will or trust arrangement.
Code of Professional Responsibility: Ethical guidelines for lawyers in the Philippines, relevant when drafting and executing legal documents including memoranda of wishes.
Rules of Court (Rule 76): Procedural rules regarding probate and administration of estates, which may become relevant if the Memorandum of Wishes relates to estate planning.
Anti-Money Laundering Act (Republic Act No. 9160): Relevant if the Memorandum of Wishes involves financial assets or property transfers to ensure compliance with financial regulations.
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

Christmas Party Memorandum

A Philippine-compliant internal memorandum detailing company Christmas party arrangements, policies, and guidelines.

find out more

Memorandum Of Agreement For Payment

A Philippine law-governed agreement that formalizes payment obligations between parties, detailing payment terms, schedules, and enforcement mechanisms.

find out more

Mou For Sponsorship

A preliminary agreement under Philippine law outlining the intended terms and conditions of a sponsorship arrangement, serving as a framework for a future definitive agreement.

find out more

Memorandum Of Lease Agreement

A Philippine law-compliant agreement documenting lease terms and conditions between lessor and lessee, including property details, duration, and rental terms.

find out more

Memorandum Of Deposit

A Philippine law-governed agreement documenting the terms and conditions of a deposit arrangement between a depositor and depositary, including custody terms and return conditions.

find out more

Memorandum Of Understanding Between Two Partners

A template for a non-binding Memorandum of Understanding between two partners under Philippine law, establishing preliminary partnership terms and mutual understanding.

find out more

Memorandum Of Intent

A preliminary document under Philippine law outlining parties' intentions to enter into a future business relationship, serving as a framework for negotiations while maintaining specific binding provisions.

find out more

Memorandum Of Acceptance

A Philippine law-governed document that formally records the acceptance of deliverables, services, or terms, serving as legal evidence of completion and acceptance.

find out more

Memorandum Report

A formal business document used in the Philippines for detailed internal reporting and analysis, combining memorandum format with comprehensive analytical content.

find out more

Memorandum Of Partnership

A Philippine law-governed agreement establishing a business partnership, defining partner relationships, contributions, and operational framework.

find out more

Memorandum Of Agreement For Work Immersion Partnership

A Philippine-jurisdiction agreement establishing terms between educational institutions and host organizations for student work immersion programs.

find out more

Memorandum Of Wishes

A non-binding Philippine legal document that accompanies a will or trust deed, providing guidance on asset management and distribution preferences.

find out more

Audit Observation Memorandum

A formal audit communication document used in the Philippines to report significant findings and irregularities during an audit, requiring management response and corrective action plans.

find out more

Corporate Memorandum

A formal internal corporate communication document governed by Philippine law, used for official announcements, policy changes, and corporate decision documentation.

find out more

Company Memorandum

A formal internal communication document used in Philippine corporations for disseminating official information, policies, and directives within the organization.

find out more

Project Memorandum

A formal document under Philippine law that outlines key project parameters, stakeholder responsibilities, and implementation framework for effective project execution and management.

find out more

Memorandum Of Land Contract

A Philippine legal document that formalizes the preliminary agreement between parties for land transfer or sale, subject to local property laws and registration requirements.

find out more

Funds Flow Memorandum

A Philippine law-governed document that outlines the sequence and mechanics of fund transfers between multiple parties, ensuring regulatory compliance and transaction clarity.

find out more

Business Memorandum

A formal internal communication document used in Philippine business settings to convey official information, decisions, or policies within an organization.

find out more

Announcement Memorandum

A formal corporate announcement document under Philippine law used to communicate official company information to stakeholders.

find out more

Memorandum Of Receipt

A Philippine-compliant document acknowledging the receipt and temporary custody of items or assets, outlining transfer terms and recipient responsibilities.

find out more

Memorandum Of Payment

A Philippine law-governed document that formalizes payment arrangements between parties, establishing terms and conditions for debt settlement.

find out more

Memorandum Of Understanding

A Philippine-law governed preliminary document outlining mutual understanding and intended cooperation between parties, serving as a framework for future collaboration.

find out more

Loan Memorandum

A Philippine law-governed document that formalizes loan terms and conditions between lender and borrower, ensuring compliance with local lending regulations and disclosure requirements.

find out more

Office Memorandum

A formal internal communication document used in Philippine organizations for conveying official information, policies, or directives, following local business documentation standards.

find out more

Confidential Memorandum

A formal confidential communication document governed by Philippine law, designed to securely convey sensitive internal information while ensuring compliance with local data privacy regulations.

find out more

Internal Memorandum

A formal internal communication document governed by Philippine law, used for conveying official information within organizations.

find out more

Operating Memorandum

A formal internal document used in Philippine corporations to establish or modify operational procedures and policies, governed by local corporate law and SEC regulations.

find out more

Interoffice Memorandum

A formal internal communication document used in Philippine organizations to convey official information, policies, or directives while complying with local business and legal requirements.

find out more

Decision Memorandum

A formal internal document used in Philippine organizations to document and communicate important decisions, following local administrative and corporate governance requirements.

find out more

Memorandum Of Contract

A formal document under Philippine law that records and summarizes the essential terms and conditions of a contractual agreement between parties.

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.