Deed of appointment terminating discretionary trust

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Precedents

Deed of appointment terminating discretionary trust

Copyright © 2025 LexisNexis

Published by a LexisNexis Private Client expert

Precedents
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This deed of appointment is made on [date] by [trustee] of [address] and [trustee] of [address] (the Trustees).

Background

    1. (A)

      This Deed is supplemental to a trust dated [date] and made between [parties] (the Trust).

    1. (B)

      The Trustees are the present trustees of the Trust.

    1. (C)

      The property now subject to the Trust is set out in the Schedule.

    1. (D)

      The Trustees intend to exercise the power of appointment given to them by clause [number] of the Trust.

    1. (E)

      In this Deed the Trust Period has the same meaning as in the Trust.

This Deed provides:

    1. 1

      Exercise of power

      1. 1.1

        The Trustees in exercise

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Deed definition
What does Deed mean?

Deeds are written agreements but differ from contracts in that the limitation period is 12 years and consideration is not required. There are very few categories of transactions that require execution by deed but they are transfers of land, leases, mortgages and charges, sales by mortgagees, appointments of trustees, powers of attorney and gifts.

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