TRUST AGREEMENT
This TRUST AGREEMENT (the “Agreement”), made this Date day of Month, Year (the “Effective Date”), is
executed by and between the following parties:
1. [NAME OF TRUSTOR] [NRIC No.], currently residing at [Address] (the “Trustor”); and
2. [NAME OF TRUSTEE] [NRIC No.], currently residing at [Address] (the “Trustee”).
WHEREAS, the Trustor is the owner of several assets legally made and attached to their name, and
wished to transfer the said assets to the Trustee for the future use of the Trustor’s legal successors
and/or assigns in the event of the Trustor’s death or disability.
WHEREAS, the Trustee acknowledges and accepts the responsibilities of administering the Trustor’s
assets by establishing a trust in the name of the Trustor (the “Trust”) and acting as the Trustor’s legal
trustee in relation to the assets covered in this Agreement.
NOW, THEREFORE, in light of all the foregoing premises and acknowledgements, and for all other good
and valuable consideration, the Trustor and the Trustee hereby accept to be bound by the following
terms and conditions:
THE TRUST
1. Establishment of the Trust: On the effective Date, the Trustor assigns, transfers, and delivers to
the Trustee the assets listed in Annex A (hereinafter referred to as the “Trust Assets”) for the
purposes stated herein. The Trustee is only connected with the Trust in relation to the
administration and maintenance of the Trust Assets.
2. Purpose of Trust: The Trustee acknowledges that the Trustor has established this Trust for the
purpose of maintenance and safekeeping of the Trust Assets for the future use of any legal
beneficiary that the Trustor expressly indicates in this Agreement.
3. Transfer of Property: For the purpose of making a gift to the beneficiaries under this Agreement
I, the Trustor herein, have transferred, assigned and delivered and do hereby transfer, assign,
convey and deliver to the Trustee the property shown on the schedule hereto attached and made
a part hereof in trust for the uses and trusts hereinafter set out.
4. Trust as Revocable: This trust shall be revocable, and the Trustor herein expressly reserves all
right and power, whether alone, jointly or in conjunction with others, to alter, amend, revoke or
terminate this trust, or any of its terms, in whole or in part, including the right to substitute a
trustee upon notice to any existing trustee. Upon such notice, the then existing trustee shall
immediately turn over all books, records and property of this trust to the substituted trustee
named by the Trustor herein.
5. Distribution of Income: The Trustee shall pay or authorize the payment of all income, earnings,
avails and proceeds from said trust to the beneficiaries of this trust, to wit: ________________.
6. Beneficiary Rights: The interest of the named beneficiary shall consist solely of the following
rights respecting any property held by the trustee pursuant to the terms of this trust:
a. The right to receive the earnings, dividends, proceeds, rentals, transfers, sales, or other
dispositions of any trust property.
b. The right to select a financial institution which maintains trust property, if trust property is
the type which would normally be maintained by a financial institution, subject to any
limitations imposed by law in which the trust maintains property and, if such property should
consist of tangible property, including but not limited to real estate, the right to select any
manager or management controlling company to manage said tangible property regarding
the rental, leasing or maintenance of such property;
c. The right to determine when any such trust property should be sold or otherwise conveyed.
The foregoing rights shall be deemed to be personal property and may be assigned and otherwise
transferred as such. The beneficiary shall have no legal or equitable right, title or interest, as realty, in or
to any real estate held in trust under this Agreement, or the right to require partition of such real estate,
but shall have only rights, as personalty, set out above, and the death of the beneficiary shall not
terminate this Trust Agreement or in any manner affect the powers of the trustee.
7. Distribution of the Corpus: At the death of the beneficiary
