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Trust Revocation Declaration
"I need a Trust Revocation Declaration under Irish law to dissolve a family trust created in 2015, which holds residential property and investment portfolios, with instructions to return all assets to me as the original settlor by March 2025."
1. Declaration Date and Parties: Identifies the date of the revocation declaration and the declarant (original settlor) with full legal name and address
2. Original Trust Details: Identifies the trust being revoked, including its name, date of creation, and any reference numbers or identifying features
3. Recitals: Brief background explaining the original trust's purpose and confirming the settlor's power to revoke
4. Revocation Declaration: Clear and unequivocal statement revoking the trust
5. Asset Direction: Instructions regarding the disposition of trust assets following revocation
6. Trustee Discharge: Statement releasing and discharging the trustees from their duties upon completion of asset transfer
7. Execution: Signature block for settlor and witness attestation
1. Tax Acknowledgment: Section acknowledging understanding of tax implications of revocation, recommended when significant assets or tax consequences are involved
2. Beneficiary Acknowledgment: Section for beneficiary signatures acknowledging the revocation, useful in complex trusts or where beneficiary interests are substantial
3. Indemnification: Additional protection for trustees, recommended for complex trusts or where significant assets are involved
4. Legal Advice Confirmation: Confirmation that independent legal advice was received, recommended for high-value trusts or complex situations
1. Schedule A - Original Trust Deed: Copy or details of the original trust deed being revoked
2. Schedule B - Asset Register: Detailed list of current trust assets and their disposition instructions
3. Schedule C - Trustee Details: List of current trustees and their contact details
4. Appendix 1 - Evidence of Power to Revoke: Extract from original trust deed showing revocation power, if not clearly stated in main deed
Authors
Financial Services
Legal Services
Wealth Management
Private Banking
Estate Planning
Tax Advisory
Corporate Services
Family Office Services
Property Management
Investment Management
Legal
Wealth Management
Trust Services
Private Banking
Compliance
Tax Advisory
Estate Planning
Asset Management
Private Client Services
Corporate Services
Trust Officer
Private Client Lawyer
Estate Planning Attorney
Wealth Manager
Tax Consultant
Financial Advisor
Trust Administrator
Legal Counsel
Compliance Officer
Private Banking Manager
Property Manager
Investment Manager
Family Office Manager
Trust Services Director
Probate Specialist
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