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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."
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
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
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)
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