A Declaration of Trust for Shares is commonly used in Singapore when there's a need to separate legal and beneficial ownership of shares, often in family wealth planning, corporate restructuring, or employee share schemes. The document establishes clear evidence of trust arrangements, protecting both trustee and beneficiary interests while ensuring compliance with Singapore's trust and corporate laws. It includes detailed information about the shares held in trust, the parties involved, and the terms governing the trust relationship, making it essential for proper trust administration and corporate governance.
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1. Parties: Identifies the trustee(s) and beneficiary(ies)
2. Background: Explains circumstances leading to trust creation and ownership of shares
3. Definitions: Defines key terms used throughout the declaration
4. Declaration of Trust: Core section declaring the trust arrangement and beneficial ownership
5. Trustee Powers and Duties: Details the powers and obligations of the trustee
6. Trust Terms: Specifies duration, distribution rules, and management of trust assets
7. Governing Law: Specifies Singapore law as governing law
1. Remuneration of Trustee: Include when trustee is to receive compensation for professional trustees or complex arrangements
2. Protector Provisions: Powers and duties of trust protector, used when trust includes a protector role
3. Investment Powers: Specific investment authorities for trustee, used when active investment management is anticipated
4. Variation Clause: Mechanism for varying trust terms, used when flexibility needed for future changes
1. Schedule 1: Trust Property: Details of shares held in trust including company name, number and class of shares
2. Schedule 2: Beneficiaries: List of beneficiaries and their respective entitlements
3. Appendix A: Share Certificates: Copies of relevant share certificates
4. Appendix B: Company Constitution: Copy of constitution of company whose shares are held in trust
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Declaration Of Trust For Shares
A Singapore law-governed document establishing a trust relationship for shareholding, defining trustee duties and beneficiary rights.
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