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Nominee Declaration Of Trust
"I need a Nominee Declaration of Trust to set up a nominee arrangement where my company will hold shares in a UK property investment company on behalf of three overseas investors, with specific provisions for quarterly reporting and investment restrictions."
1. Parties: Identifies the nominee trustee(s) and beneficial owner(s)
2. Background: Explains the context and purpose of the nominee arrangement
3. Definitions: Defines key terms used throughout the declaration
4. Declaration of Trust: Core declaration stating the nominee relationship
5. Trust Property: Identifies and describes the assets held in trust
6. Trustee Powers and Duties: Sets out the nominee's obligations and authority
7. Beneficial Owner's Rights: Specifies the beneficial owner's entitlements and control
1. Remuneration: Details any fees payable to the nominee trustee - used when the nominee trustee is to be compensated
2. Appointment and Removal: Process for changing nominee trustees - used when flexibility in trusteeship is required
3. Indemnities: Protection for trustees acting properly - used when additional trustee protection is needed
1. Schedule 1 - Trust Property: Detailed list and description of assets held in trust
2. Schedule 2 - Investment Powers: Specific investment authorities if relevant
3. Schedule 3 - Administrative Provisions: Detailed procedures for trust administration
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