tiktok³ÉÈË°æ

All Countries
Real Estate
Declaration Of Trust Property

Declaration Of Trust Property Template for Nigeria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Declaration Of Trust Property

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Declaration Of Trust Property

"I need a Declaration of Trust Property to establish a family trust for our Lagos residential property, with myself as settlor and my two siblings as trustees, ensuring equal distribution of rental income among my three children."

Celebrated by
Collaborations with
Investors
Document background
A Declaration of Trust Property is essential in Nigerian property and trust law when there is a need to formally establish and document a trust relationship regarding property ownership. This document is commonly used in situations where property needs to be held by trustees for the benefit of others, such as in family arrangements, charitable purposes, or business structures. It must comply with Nigerian legislation, particularly the Trustee Act of 1893 and the Land Use Act 1978, and typically includes detailed provisions about the trust property, trustee powers and duties, beneficiary rights, and trust administration. The document is crucial for protecting all parties' interests and providing clear evidence of trust arrangements, particularly important in Nigerian property transactions where formal documentation is essential for legal recognition and enforcement.
Suggested Sections

1. Parties: Identifies the Settlor(s) and Trustee(s) with their full names and addresses

2. Background: Recitals explaining the context of the trust creation and the Settlor's intention to create the trust

3. Definitions: Defines key terms used throughout the document including 'Trust Property', 'Beneficiaries', 'Trust Period'

4. Declaration of Trust: The formal declaration creating the trust and confirming the Trustee holds the property on trust

5. Trust Property: Detailed description of the property being placed in trust

6. Beneficiaries and Their Interests: Identifies the beneficiaries and specifies their respective interests in the trust property

7. Powers of Trustees: Sets out the powers granted to trustees in managing and dealing with the trust property

8. Duties of Trustees: Specifies the obligations and responsibilities of the trustees

9. Trust Period: Defines the duration of the trust and any conditions for its termination

10. Governing Law: Confirms Nigerian law governs the trust

11. Execution: Formal execution block for all parties to sign

Optional Sections

1. Appointment and Removal of Trustees: Include when specific provisions for trustee succession are required

2. Income and Capital Distributions: Include when there are specific rules about how income and capital should be distributed

3. Investment Powers: Include when trustees need specific investment authorities beyond statutory powers

4. Protector Provisions: Include when a trust protector is to be appointed to oversee certain trustee actions

5. Variation Clause: Include when specific power to vary trust terms is required beyond statutory powers

6. Administrative Provisions: Include when specific administrative procedures need to be documented

7. Remuneration of Trustees: Include when trustees are to be professionally remunerated

Suggested Schedules

1. Schedule 1 - Trust Property Details: Detailed description of the trust property including any relevant registration numbers, titles, or identifying features

2. Schedule 2 - Beneficiaries' Interests: Detailed breakdown of beneficiaries' respective interests and entitlements

3. Schedule 3 - Initial Trustees: List of initial trustees and their contact details

4. Schedule 4 - Trustee Powers: Comprehensive list of specific powers granted to trustees beyond statutory powers

5. Appendix A - Property Documents: Copies of relevant property documents, titles, or registrations

6. Appendix B - Consent Forms: Any required consent forms from relevant parties

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses






























Relevant Industries

Real Estate

Banking and Finance

Legal Services

Property Development

Investment Management

Family Business

Wealth Management

Construction

Non-Profit Organizations

Religious Institutions

Relevant Teams

Legal

Property Management

Compliance

Real Estate

Wealth Management

Corporate Secretarial

Risk Management

Finance

Investment

Administrative Services

Relevant Roles

Legal Counsel

Property Manager

Estate Manager

Trust Officer

Wealth Manager

Real Estate Developer

Company Secretary

Compliance Officer

Property Lawyer

Investment Manager

Asset Manager

Financial Advisor

Land Administrator

Trust Administrator

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Declaration Of Trust Property

A Nigerian law-compliant document establishing a trust relationship for property ownership, defining trustee obligations and beneficiary interests.

find out more

Declaration Of Revocable Trust

A Nigerian legal document establishing a modifiable trust arrangement where assets are managed by trustees for beneficiaries, subject to Nigerian trust laws and regulations.

find out more

Self Declaration Of Trust

A Nigerian legal document where an individual declares themselves as trustee of assets for named beneficiaries, creating a binding trust arrangement under Nigerian law.

find out more

Declaration Of Trust Nominee Shareholder

A Nigerian law-governed document establishing a trust relationship between a nominee shareholder and beneficial owner of company shares, defining their respective rights and obligations.

find out more

Declaration Of Trust For Shares

A Nigerian law-governed document establishing a trust arrangement where shares are held by a trustee for the benefit of specified beneficiaries.

find out more

Declaration Of Trust Tenants In Common

A Nigerian legal document establishing shared property ownership under a trust arrangement, defining beneficial interests as tenants in common.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.