The Trust Memorandum of Association serves as the constitutional document for trust companies in England and Wales, required when establishing a formal trust structure within a corporate framework. This document combines elements of both company and trust law, providing the legal foundation for the trust's operation. It outlines the trust's purposes, powers, and administrative framework while ensuring compliance with the Companies Act 2006 and relevant trust legislation. The document is particularly crucial when creating structured trust arrangements, charitable foundations, or professional trust services.
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1. Company Name: Statement of the company's registered name
2. Registered Office: Statement of the company's registered office location
3. Objects: Purpose and objectives of the trust
4. Trustee Powers: Enumeration of powers granted to trustees
5. Beneficiary Provisions: Details of beneficiaries and their rights
6. Administrative Provisions: Procedures for trust administration
1. Investment Powers: Specific investment authorities and restrictions - include when trust involves significant investment activities
2. Charitable Purposes: Specific charitable objectives and activities - include when establishing a charitable trust
3. Delegation Powers: Provisions for delegation of trustee duties - include when trustees need ability to delegate responsibilities
1. Schedule 1 - Initial Trust Property: Schedule of assets initially settled in the trust
2. Schedule 2 - Trustee Appointment Procedures: Detailed procedures for appointing and removing trustees
3. Schedule 3 - Investment Guidelines: Detailed investment policies and restrictions
4. Schedule 4 - Administrative Procedures: Detailed operational procedures and requirements
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