Declaration of Trust in Relation to Shares
A declaration of trust can be used by someone who is the registered holder of shares in a company in order to create a trust of those shares in favour of the beneficiaries. Through a trust shares can be protected before they pass on to their intended beneficiary.
This may be useful where, for example, the beneficiaries wish to preserve their privacy, or where the beneficiaries are minors and are therefore incapable of holding the shares in their own right.
Our template declaration of trust document is just one of many documents composed by legal experts which we offer. As well as declaring the trust, the document also sets out the associated rights of the beneficiaries. You do not need to concern yourself about the legal technicalities, as all this is dealt with for you. Your only task is to fill in your personal details to complete the document.
Restrictions: Our legal documents are provided as part of our commitment to legal access for all. They are intended for use by individuals, small businesses, clubs and societies and are subject to a fair use policy. They must not be sold or exchanged for reward.
Disclaimer: Law on the Web does not accept any responsibility for any action taken as a result of you using our legal documents. The legal documents are generic and educational in nature and do not constitute a definitive or complete statement of law on any subject, nor is any part of it to constitute legal advice, and may not apply to the specific facts and circumstances of individual transactions and dealings.