Trustee Declaration
Trustee Declaration
I. Introduction and Affirmation of Duties
This Trustee Declaration serves to affirm the commitment of [YOUR NAME] as a newly appointed trustee for [TRUST NAME], managed by [TRUST MANAGING ORGANIZATION]. By signing this declaration, [YOUR NAME] acknowledges and accepts the duties, responsibilities, and legal obligations inherent to the role of a trustee. This document outlines the core duties and the ethical standards required in managing the trust in accordance with the governing trust agreement and applicable laws.
II. Acceptance of Appointment
I, [YOUR NAME], hereby accept my appointment as a trustee of [TRUST NAME]. I pledge to perform my duties with diligence, integrity, and in the best interest of the beneficiaries. I understand that my role as a trustee is crucial in managing and safeguarding the assets of the trust, and I am committed to executing my responsibilities with the utmost care and prudent judgment.
III. Declaration of Understanding of Trust Deed
I have received, read, and understood the Trust Deed dated [DATE OF TRUST DEED], and I agree to abide by all its provisions. I recognize that the Trust Deed outlines the specific terms, conditions, and the intent of the settlor. I am fully aware of the powers vested in me by this deed and the constraints imposed on these powers by law and the trust agreement.
IV. Commitment to Act in the Best Interests of Beneficiaries
I declare my unwavering commitment to act solely in the best interests of the trust beneficiaries. I acknowledge that my actions must aim to preserve the trust property and enhance its value, where possible, while ensuring that the beneficiaries' rights and interests are respected and protected.
V. Acknowledgment of Fiduciary Duties
As a trustee, I recognize and accept my fiduciary duties which include but are not limited to the duty of loyalty, the duty to act without bias, the duty to manage the trust assets prudently, and the duty to avoid any conflicts of interest. I affirm that I will not derive any personal benefit, directly or indirectly, from my position as a trustee unless expressly permitted by the Trust Deed or required by law.
VI. Confirmation of No Disqualifying Conditions
I certify that I am not disqualified from acting as a trustee under any statutory, regulatory, or administrative provisions. I do not have any past or present affiliations or interests that may conflict with my role as a trustee of [TRUST NAME].
VII. Agreement to Provide True and Accurate Information
I agree to provide true, complete, and accurate information in all dealings related to the trust. I commit to maintaining detailed records of all actions taken and decisions made in my capacity as a trustee and to furnish such records for inspection when required by law, the Trust Deed, or when requested by the beneficiaries.
VIII. Signature
This Trustee Declaration is signed on [DATE], with a full understanding of the responsibilities and commitments being made by [YOUR NAME] as a trustee.
[Your Printed Name]
[Date]
