Document background
A Self Declaration of Trust is commonly used when an individual wishes to create a trust arrangement without transferring assets to other trustees. This document is particularly relevant in situations involving property holding, asset protection, or family wealth management under English and Welsh law. The declaration formally establishes the trust relationship, specifying the trust property, beneficiaries, and terms of the arrangement. It's essential for ensuring clear documentation of trust arrangements and compliance with trust law requirements, particularly where tax planning or asset protection is concerned.
