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Addendum To Trust Deed Template for England and Wales

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Addendum To Trust Deed

"I need an Addendum To Trust Deed to add two new trustees and expand the investment powers to include cryptocurrency investments, while maintaining the existing beneficiary structure of our family trust established in 2015."

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What is a Addendum To Trust Deed?

An Addendum To Trust Deed is utilized when trustees need to make modifications to an existing trust structure while preserving its core elements. This document is commonly employed in England and Wales when circumstances require updates to trustee powers, investment provisions, or administrative procedures. The addendum must align with both the original trust deed and current trust law requirements. It typically includes specific amendments, confirmations of unchanged provisions, and may require registration with relevant authorities depending on the nature of the changes.

What sections should be included in a Addendum To Trust Deed?

1. Parties: Identification of existing trustees and any new or retiring trustees

2. Background: Reference to original trust deed, reason for addendum, and current circumstances

3. Definitions: Key terms used in the addendum, including reference to original trust definitions

4. Amendments: Specific changes being made to the original trust deed

5. Confirmation: Statement that all other terms remain unchanged

6. Effective Date: When the amendments take effect

What sections are optional to include in a Addendum To Trust Deed?

1. Additional Powers: New powers granted to trustees - use when expanding trustee authority

2. Investment Provisions: Modified investment parameters - use when changing investment strategy or powers

3. Beneficiary Modifications: Changes to beneficiary rights or classes - use when altering beneficiary arrangements

What schedules should be included in a Addendum To Trust Deed?

1. Schedule of Assets: Updated list of trust assets if relevant to amendments

2. Schedule of Beneficiaries: Updated list of beneficiaries if changed

3. Original Trust Deed: Copy of the original trust deed being amended

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºìÐÓÖ±²¥ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Industries

Trustee Act 1925: Primary legislation defining trustee powers and duties, administrative provisions, and procedures for appointment and retirement of trustees

Trustee Act 2000: Modern statutory framework covering trustees' duties, investment powers, delegation provisions, and required standard of care

Trust Registration Service regulations: Regulations governing trust registration with HMRC and compliance with money laundering requirements

Perpetuities and Accumulations Act 2009: Legislation dealing with rules against perpetuities and accumulation periods in trusts

Trusts of Land and Appointment of Trustees Act 1996: Specific legislation governing trusts involving land and property

Variation of Trusts Act 1958: Legislation governing the variation of beneficial interests in trusts

Law of Property Act 1925: Fundamental property law legislation affecting trust property

Financial Services and Markets Act 2000: Legislation relevant when trust involves financial investments

Income Tax Act 2007: Tax legislation governing income taxation of trusts

Taxation of Chargeable Gains Act 1992: Legislation covering capital gains tax implications for trusts

Inheritance Tax Act 1984: Legislation governing inheritance tax treatment of trusts and trust property

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