The Nominee Declaration of Trust is a crucial document in Singapore's legal and business landscape, particularly used when there's a need to separate legal and beneficial ownership of assets. This arrangement is commonly implemented for confidentiality, administrative efficiency, or regulatory compliance purposes. The declaration explicitly states the nominee trustee's role in holding assets on trust for the beneficial owner, outlining the scope of the trustee's powers and the beneficial owner's rights. Under Singapore law, this document must comply with the Trustees Act and related legislation, providing clear evidence of the trust relationship and protecting both parties' interests.
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1. Parties: Identifies the nominee trustee and beneficial owner
2. Background: Sets out the context and purpose of the nominee arrangement
3. Definitions: Defines key terms used in the declaration
4. Declaration of Trust: Core declaration confirming the nominee arrangement
5. Trust Property: Detailed description of assets held in trust
6. Trustee Powers and Duties: Specifies the nominee's obligations and authority
7. Beneficial Owner's Rights: States the beneficial owner's entitlements and control
8. Governing Law: Confirms Singapore law governs the arrangement
1. Remuneration: Terms of payment for nominee services - include when nominee trustee charges fees
2. Termination: Conditions for ending the arrangement - include when specific termination provisions are needed
3. Indemnification: Protection clauses for the nominee - include when additional trustee protection is required
4. Confidentiality: Privacy obligations - include when specific confidentiality provisions are needed
1. Schedule of Assets: Detailed list of trust property
2. Powers of Attorney: Any related POAs granted to nominee
3. Corporate Documents: Relevant company documents for corporate nominees
4. Fee Schedule: Details of nominee fees if applicable
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