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Deed Of Trust Release Template for Singapore

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Key Requirements PROMPT example:

Deed Of Trust Release

"I need a Deed of Trust Release to discharge two trustees from a family trust in Singapore, where all assets have been distributed to three adult beneficiaries as of January 2025, with specific indemnification provisions for the outgoing trustees."

Document background
A Deed of Trust Release is essential when concluding trust arrangements in Singapore. This document is typically used when a trust has fulfilled its purpose, all assets have been properly distributed, and the trustees need to be formally discharged from their duties. The deed provides crucial protection for trustees by documenting the proper completion of their responsibilities and obtaining necessary releases from beneficiaries. Under Singapore law, particularly the Trustees Act (Chapter 337), this document must meet specific requirements to be legally effective and should include detailed information about the original trust, confirmation of asset distribution, and appropriate indemnities.
Suggested Sections

1. Parties: Details of trustee(s), beneficiaries, and settlor (if still alive)

2. Background: Details of original trust deed, purpose, and reason for release

3. Definitions: Key terms used in the deed

4. Declaration of Release: Formal statement releasing trustee(s) from duties and obligations

5. Confirmation of Trust Property Distribution: Statement confirming all trust property has been properly distributed

6. Indemnity: Protection for trustees against future claims

7. Execution: Signing requirements and attestation

Optional Sections

1. Surviving Trustee Provisions: Required when some trustees continue while others are released

2. Tax Provisions: Specific provisions regarding tax liabilities and arrangements

3. Dispute Resolution: Process for resolving any future disputes relating to the trust release

Suggested Schedules

1. Schedule of Trust Property: Detailed list of all trust assets distributed

2. Original Trust Deed: Copy of the original trust deed being released

3. Distribution Statement: Statement showing how trust property was distributed

4. Beneficiary Consents: Written consents from all beneficiaries (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



























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Industries

Trustees Act (Chapter 337): Primary legislation governing trusts in Singapore that defines trustees' powers, duties, responsibilities, and outlines requirements for trust termination and release

Civil Law Act (Chapter 43): Provides general framework for civil matters including relevant sections on contracts and property that affect trust arrangements

Conveyancing and Law of Property Act (Chapter 61): Governs property transactions and transfers, particularly relevant for trusts involving real property

Stamp Duties Act (Chapter 312): Outlines requirements for stamp duty on trust documents including applicable rates and exemptions

Registration of Deeds Act (Chapter 269): Specifies requirements for registration of trust documents and formal requirements for deeds

Common Law Principles: Established trust principles from case law that supplement statutory requirements in Singapore's legal system

Singapore Court Precedents: Relevant judicial decisions that provide binding or persuasive authority on trust matters in Singapore

MAS Regulations: Regulatory requirements from the Monetary Authority of Singapore that may apply to certain types of trusts

Income Tax Act: Tax provisions relevant to trust arrangements, distributions, and releases in Singapore

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