The following Private Client precedent provides comprehensive and up to date legal information covering:
This TRUST is made on [date]
[settlor] of [address] (the Settlor) and
[original trustees] of [addresses] (the Original Trustees)
The Settlor wishes to make this Trust for the benefit of the beneficiaries and has transferred to the Original Trustees [£[amount] cash] to be held on the following trusts.
Further assets may in the future be transferred to the Trustees (as defined below).
[This Trust shall be irrevocable.]
[The Original Trustees agree to act as the first Trustees.]
This Deed provides:
Definitions and interpretation
In this Trust:
means (subject to clause 7) the following persons:
the Settlor’s [widow OR widower] whether or not remarried;
the descendents of the Settlor [but subject to clause 11];
the spouses and any widow or widower (whether or not remarried) of the descendents of the Settlor,
and Beneficiary has a corresponding meaning;
means charitable (and exclusively charitable) according to English law;
means a trust, corporation, association, society or other institution established only for charitable purposes and Charities has a corresponding meaning;
or spouse includes:
a person treated or registered as a civil partner under the Civil Partnership Act 2004; and
a spouse of the same sex,
and a person is a surviving spouse whether or not he or she remarried or entered into another civil partnership and widow and widower shall be construed accordingly;]
means the Original Trustees or
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