Belize Trust Agreement Example

 

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Index

INDEX

Clause Page

1. Interpretation 4

2. Governing law and power to change it 6

3. Power to add and remove Beneficiaries;
Settlors’ testamentary powers; 6

4. Power to add Excluded Person 7

5. Power to change the Vesting Day 7

6. Trust for sale 7

7. Power to receive additions to the Trust Fund 7

8. Discretionary power of appointment 7

9. Power to apply capital 8

10. Applications and accumulation of income 8

11. Trusts on Vesting Day 9

12. Events of duress 9

13. Payment to minors 10

14. Trustees’ powers of investment 10

15. Trustees’ general powers 11

16. Trustees’ powers in relation to land and buildings 16

17. Apportionment of income 16

18. Trustees’ dealings with third parties 16

19. Trustees’ charges 17

20. Trustees interested in companies 17

21. Trustees’ indemnity 17

22. Trustees’ involvement in managing subsidiary companies 18

23. Trustees not required to give security 18

24. Trustees’ discretion uncontrolled 18

25. Power to release and to add powers 19

26. How Corporate Trustees may act 19

27. Delegation by Trustees 19

28. Appointment, retirement and removal of Trustees 19

29. Protector’s powers 20

30. No benefit for Excluded Persons 21

31. Settlement irrevocable 21

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