51Ƶ

Trust Contract for Ireland

Trust Contract Template for Ireland

A comprehensive legal document governed by Irish law that establishes and regulates a trust arrangement, defining the relationship between settlor, trustees, and beneficiaries. The document outlines the transfer of assets to trustees, specifies their powers and duties under Irish trust law, and details how the trust property should be managed and distributed to beneficiaries. It incorporates provisions from key Irish legislation including the Trustee Act 1893 and relevant modern statutes, ensuring compliance with current legal and regulatory requirements while providing flexibility for effective trust administration.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get template free

Your data doesn't train Genie's AI

You keep IP ownership of your docs

4.6 / 5
4.6 / 5
4.8 / 5

What is a Trust Contract?

The Trust Contract serves as a foundational document in Irish trust law, essential for establishing formal trust arrangements for various purposes including family wealth management, charitable endeavors, and estate planning. This document type is commonly used when individuals or organizations wish to transfer assets to be managed by trustees for the benefit of specified beneficiaries, whether for private wealth preservation, charitable purposes, or specific financial objectives. The trust deed must comply with Irish trust law principles, particularly the Trustee Act 1893 and subsequent legislation, while incorporating modern provisions for effective trust administration. Trust Contracts are particularly relevant in scenarios requiring long-term asset protection, tax-efficient wealth transfer, or structured charitable giving, and must be carefully drafted to ensure enforceability under Irish law while meeting the settlor's intended objectives.

What sections should be included in a Trust Contract?

1. Parties: Identification of the Settlor(s) and initial Trustee(s) with full legal names and addresses

2. Background: Recitals explaining the context and intention to create the trust

3. Definitions: Definitions of key terms used throughout the deed including 'Trust Property', 'Beneficiaries', 'Trust Period'

4. Declaration of Trust: Formal declaration establishing the trust and transfer of initial trust property

5. Beneficiaries: Clear identification of beneficiaries and their respective interests

6. Powers of Trustees: Comprehensive list of trustees' powers including investment, management, and distribution powers

7. Trustee Duties and Responsibilities: Statutory and additional duties of trustees, including record-keeping and reporting obligations

8. Trust Administration: Procedures for trust management, decision-making, and administrative matters

9. Duration and Termination: Trust period, termination events, and distribution of assets upon termination

10. Appointment and Retirement of Trustees: Procedures for appointing new trustees and handling trustee retirement or removal

11. Governing Law and Jurisdiction: Confirmation of Irish law as governing law and jurisdiction

What sections are optional to include in a Trust Contract?

1. Protector Provisions: Required when a trust protector is appointed to oversee trustees' actions

2. Charitable Purposes: Needed for charitable trusts to specify charitable objectives and compliance with Charities Act

3. Letter of Wishes: For discretionary trusts, guidance from settlor on exercise of trustees' discretion

4. Investment Policy: Detailed investment guidelines beyond statutory powers

5. Tax Provisions: Specific provisions dealing with tax efficiency and compliance

6. Foreign Asset Provisions: Required when trust holds assets in multiple jurisdictions

7. Minor Beneficiaries: Special provisions for managing benefits for underage beneficiaries

What schedules should be included in a Trust Contract?

1. Schedule 1 - Initial Trust Property: Detailed inventory of assets initially settled into the trust

2. Schedule 2 - Beneficiary Classes: Detailed definitions of beneficiary classes and distribution rules

3. Schedule 3 - Trustee Powers: Comprehensive list of specific powers granted to trustees beyond statutory powers

4. Schedule 4 - Trustee Remuneration: Details of trustee compensation and expense reimbursement

5. Appendix A - Administrative Provisions: Detailed procedures for trust administration and decision-making

6. Appendix B - Investment Guidelines: Specific investment parameters and restrictions

7. Appendix C - Deed of Adherence: Template for adding new trustees or beneficiaries to the trust

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Ireland

Publisher

Genie AI

Document Type

Agreement Contract

Cost

Free to use

Find the exact document you need

Prenup Contract

An Irish law prenuptial agreement establishing financial arrangements between prospective spouses, which may be considered by Irish courts in divorce proceedings.

Download

Non Disclosure Form

Irish law-governed Non-Disclosure Agreement protecting confidential information shared between parties, incorporating Irish and EU legal requirements.

Download

Lease Option (Real Estate)

An Irish law-governed agreement combining a property lease with an option for the tenant to purchase the property during or after the lease term.

Download

Business Partnership Agreement

An Irish law-governed agreement establishing a business partnership, defining partner relationships, responsibilities, and operational framework.

Download

Subcontractor Agreement Form

An Irish law-governed agreement establishing terms and conditions between a main contractor and subcontractor for delegated works or services.

Download

Legal Agreement Between Two Parties

An Irish law-compliant legal agreement template for establishing contractual relationships between two parties, suitable for various business contexts.

Download

Contract Agreement Form

A standardized legal document for establishing binding agreements between parties under Irish law.

Download

Simple Contract

An Irish law-governed Simple Contract establishing clear terms and obligations between parties for standard business transactions.

Download

Simple Agreement

An adaptable contract template under Irish law for establishing basic contractual relationships between parties.

Download

Side Agreement

An Irish law-governed supplementary agreement that modifies or clarifies terms of an existing primary agreement between parties.

Download

Incorporation Agreement

An Irish law agreement establishing a new company's structure, governance, and shareholder relationships in compliance with the Companies Act 2014.

Download

Fixed Term Tenancy Agreement

An Irish law-governed agreement establishing a fixed-term residential tenancy between landlord and tenant, setting out key terms and obligations under Irish residential tenancy legislation.

Download

Casual Worker Contract

An Irish law-compliant contract establishing terms for casual work arrangements with no guaranteed hours or mutual obligation between assignments.

Download

Tooling Agreement

An Irish law-governed agreement establishing terms for industrial tool supply, ownership, usage, and maintenance arrangements.

Download

Representation Agreement

An Irish law-governed agreement establishing the terms and conditions between a principal and their commercial representative, including scope, territory, and compensation arrangements.

Download

Provisional Agreement

An Irish law-governed temporary contractual arrangement establishing interim rights and obligations while permanent terms are being finalized.

Download

Notary Rent Agreement

An Irish law-governed notarized rental agreement establishing formal terms between landlord and tenant, with enhanced legal authenticity through notarial verification.

Download

Lease With Option To Buy

An Irish law agreement combining a property lease with an option for the tenant to purchase the property under specified terms and conditions.

Download

Land Agreement Between Two Parties

An Irish law-governed agreement establishing terms and conditions for land transfer or use between two parties, ensuring legal compliance and mutual protection of interests.

Download

Employer Tuition Reimbursement Agreement

An Irish law-governed agreement establishing terms for employer-provided educational support, including reimbursement conditions and employee obligations.

Download

Common Terms Agreement

An Irish law-governed agreement establishing common terms across syndicated facility agreements, setting uniform conditions and requirements for all finance parties.

Download

Basic Contract

A foundational legal agreement governed by Irish law that establishes basic contractual relationships between parties, incorporating essential elements required under Irish jurisdiction.

Download

Employee Agreement Form

An Irish law-governed employment agreement detailing essential terms and conditions of employment in compliance with local legislation.

Download

Rent In Exchange For Services Agreement

An Irish law agreement establishing accommodation provision in exchange for specified services, combining residential tenancy and service provision elements.

Download

Employee Accommodation Agreement

An Irish law agreement governing employer-provided accommodation to employees, setting out terms, conditions, and obligations for both parties under Irish residential and employment law.

Download

Contra Agreement

An Irish law-governed agreement establishing terms and conditions for professional service provision between contracting parties.

Download

Labour Contract Agreement For Construction Of House

An Irish law-governed labor contract for house construction projects, establishing terms between property owner and contractor.

Download

Business Cooperation Agreement

An Irish law-governed agreement establishing terms and conditions for business cooperation between independent entities, defining their collaborative relationship and mutual obligations.

Download

Sublet Lease

An Irish sublease agreement governing the terms under which an existing tenant subleases property to a subtenant, compliant with Irish property law and tenancy regulations.

Download

Lodger Agreement

An Irish law-governed agreement between a resident property owner and lodger for shared accommodation arrangements in an owner-occupied property.

Download

Professional Services Retainer Agreement

An Irish law-governed agreement establishing terms for ongoing professional services delivery under a retainer arrangement.

Download

Supply Contract Form

Irish law-governed Supply Contract Form for establishing supplier-purchaser relationships, incorporating key provisions under Irish commercial law and EU regulations.

Download

Sale Of Business Contract

An Irish law-governed agreement documenting the complete terms and conditions for the sale and purchase of a business, including all relevant assets, liabilities, and obligations.

Download

Business Contract

Irish law business contract template incorporating essential commercial provisions and regulatory compliance requirements.

Download

Education Agreement With Employer

An Irish law-governed agreement setting out terms for employer-supported educational programs, including financial support, obligations, and study arrangements.

Download

Umbrella Agreement

An Irish law master agreement establishing framework terms for ongoing commercial relationships between parties, governing future specific agreements and transactions.

Download

Software Agreement Contract

Irish law-governed software agreement covering licensing, usage rights, and compliance with EU regulations including GDPR.

Download

Rent To Own Agreement Form

An Irish law-governed agreement combining a residential lease with a future purchase option, detailing rental terms and purchase conditions.

Download

Yearly Contract Agreement

An Irish law-governed annual contract template establishing terms and conditions for yearly business relationships.

Download

White Label Agreement

An Irish law-governed agreement enabling one company to provide products/services for another to rebrand and sell as their own, ensuring regulatory compliance and defining commercial terms.

Download
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it