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Purchase Money Trust Deed
"I need a Purchase Money Trust Deed for a Singapore property purchase where my father is providing the purchase money of SGD 2.5 million, but I want the property held in trust for my tHRee children as beneficiaries, with ABC Trust Company as the professional trustee."
1. Parties: Identifies the Grantor, Trustee, and Beneficiary
2. Background: States the context and purpose of the trust deed
3. Definitions: Defines key terms used tHRoughout the document
4. Declaration of Trust: Formal creation of the trust and specification of trust property
5. Powers of Trustee: Outlines the authority and responsibilities of the trustee
6. Trust Terms: Specifies conditions, duration, and purpose of the trust
7. Governing Law: Specifies Singapore law as governing law
8. Execution: Signature blocks and attestation
1. Successor Trustee Provisions: Used when providing for replacement trustees in cases where continuity planning is required
2. Trust Protection Mechanisms: Additional safeguards for trust assets, recommended for high-value trusts or complex arrangements
3. Tax Provisions: Specific tax treatment instructions when tax optimization is a key consideration
1. Schedule 1 - Property Description: Detailed description of trust property and title information
2. Schedule 2 - Purchase Money Details: Details of purchase price, payment terms, and source of funds
3. Schedule 3 - Trustee Remuneration: Details of trustee compensation if applicable
4. Appendix A - Property Documents: Copies of relevant property documentation
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