Declaration of Trust
A declaration of trust should also state in light
of the contributions made and anticipated
contributions such as payment of a mortgage or
additional work and the percentage each party owns.
This declaration of trust should also specify
details of how the Company expenses will be paid,
responsibility for the bank account of the company,
signatories, loans, credit from the bank etc. The
declaration of trust is accompanied by an agreement
between the registered owner of shares (i.e. the
nominee) and the beneficiary shareholder that also
provide a mechanism for the transfer of shares to
their beneficiary owner; in the event of a breakdown
in the relationship; or on the death of one party.
If needed, we also provide a Power Of Attorney
that empower the beneficiary owner to run the
company, open bank accounts, sign contracts etc.
If required, we can, for a small fee, get the
Power Of Attorney notarized and apostilled
A declaration of trust is specially required in
situation where one party (the nominee) holds the
shares for the other party (the beneficiary).
Declaration of trust is also needed where there is
no special connection between the nominee and the
beneficially owner.
Hanner-Ofer - Israeli Law Firm owns an Israeli
Trust Company especially in order to hold shares as
trustee and nominee shareholder for beneficiary
shareholders.
See an example of a Deed of Trust of Hanner
Trusteeship Share Holdings Ltd. > |
