Protecting your assets by transferring them to a family trust can be a smart move. The way to transfer real estate is by the Settlors (the people who have set up the trust and currently own the property) selling their house to the Trust and its trustees. You will need an agreement of sale of property to a trust to do this.
The easiest way to think of a memorandum of wishes is like a will for your trust! During your lifetime and as a trustee, you may have control over the trust assets but you may have special wishes for how these will be dealt with upon your death. Record them here so theres no confusion!
When someone is granted a power of attorney by someone else, it gives them the power to sign documents and enter into binding agreements on their behalf. When an attorney uses that power, they should use attach this certificate to confirm that their power is still valid.
If you have a family trust, it’s likely that from time to time your trustees will change. Whether one of your trustees is retiring, you’re bringing on someone new, or you’re having a whole reshuffle, this deed will do the job for you. The change will be recorded in the set of resolutions included in this document.
Often in the course of doing business, you’ll need to share certain information about your business with other parties. Needless to say, you want to make sure this private information doesn’t end up in the wrong hands. A confidentiality agreement can be a good protective measure to take!
A Contract For Services documents an agreement between a “Contractor” and a "Principal" who has engaged the Contractor to carry out "services" for a fee. The “services” could be an assignment or project that is ongoing for a specified time period, or, ongoing until a particular end point has been achieved.
When you’re in the midst of a happy relationship, the last thing you want to think about is splitting up. But let’s face it – many relationships do end in separation or divorce. While it might feel a little unromantic, creating a Contracting Out Agreement (COA) helps you plan for the unexpected and ensure you’ll be protected if your relationship ends.
Whether you’re a settlor transferring property to a trust, or a parent helping your kid into their first home, it’s a good idea to keep a written record of the money owed between parties. Using a deed of acknowledgment of debt is a great way to do so.
Sometimes we give people money with no expectation or desire to be repaid. Sometimes we wipe off a debt by saying we’ll just gift them the money they would have owed. In these cases, it’s a good idea to formalise the gift by signing a Deed of Gift. This document is primarily for use in trust situations where a Settlor wishes to gift off either all or part of a debt owed by their Trust.
Often in the rush to make an offer on a property, the purchasing entity is not fully thought through and an incorrect, or incomplete, purchaser is named on the Agreement for Sale and Purchase. A Deed of Nomination is used in these situations to ensure that all the necessary parties end up being named as purchaser.