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    Declaration of Trust

    Uploaded by

    Philip Frantz Guerrero
    1. This document establishes a declaration of trust between a Trustor and Trustee regarding shares of stock in a corporation. 2. The Trustee acknowledges that the Trustor has absolute ownership over the shares and that the Trustee is holding naked title to the shares on behalf of the Trustor. 3. Any income, dividends, or profits from the shares belong to the Trustor and the Trustee must deliver these to the Trustor. The Trustor is responsible for taxes on the income and shares.

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    © All Rights Reserved
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    Declaration of Trust

    Uploaded by

    Philip Frantz Guerrero
    941 views3 pages
    1. This document establishes a declaration of trust between a Trustor and Trustee regarding shares of stock in a corporation. 2. The Trustee acknowledges that the Trustor has absolute ownership over the shares and that the Trustee is holding naked title to the shares on behalf of the Trustor. 3. Any income, dividends, or profits from the shares belong to the Trustor and the Trustee must deliver these to the Trustor. The Trustor is responsible for taxes on the income and shares.

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    Original Title

    DECLARATION OF TRUST

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    © © All Rights Reserved

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    1. This document establishes a declaration of trust between a Trustor and Trustee regarding shares of stock in a corporation. 2. The Trustee acknowledges that the Trustor has absolute ownership over the shares and that the Trustee is holding naked title to the shares on behalf of the Trustor. 3. Any income, dividends, or profits from the shares belong to the Trustor and the Trustee must deliver these to the Trustor. The Trustor is responsible for taxes on the income and shares.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    941 views3 pages

    Declaration of Trust

    Uploaded by

    Philip Frantz Guerrero
    1. This document establishes a declaration of trust between a Trustor and Trustee regarding shares of stock in a corporation. 2. The Trustee acknowledges that the Trustor has absolute ownership over the shares and that the Trustee is holding naked title to the shares on behalf of the Trustor. 3. Any income, dividends, or profits from the shares belong to the Trustor and the Trustee must deliver these to the Trustor. The Trustor is responsible for taxes on the income and shares.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    DECLARATION OF TRUST

    KNOW ALL MEN BY THESE PRESENTS:

    This Declaration of Trust, made and executed this          day of ____________________
    2020 at __________________________________, by and between:

        ________, of legal age, _________, single/married, with residence and postal


    address at ____________________________Philippines hereinafter referred to as
    the "TRUSTOR".

    - and -
    ___________________________________________________________, of
    legal age, __________________, single/married, with residence and postal address
    at ________________________________________________________________
    hereinafter referred to as the "TRUSTEE".

    WITNESSETH:
    WHEREAS, the TRUSTEE appears in the stock and Transfer Book of
    ____________________________________ a corporation organized and existing under Philippine
    Laws as the registered owner of____________________________________SHARES OF THE
    CAPITAL STOCK of the said Corporation (The “SHARE”) on the strength of a Deed of Assignment
    dated _______________________ notarized by Notary Public ______________________ under
    Doc No. _____, Page No. ____, Book No. _____ Series of 2020 executed by and between the
    TRUSTEE and TRUSTOR;
    NOW, THEREFORE, the parties hereby agree as follows:
    1. The TRUSTEE hereby acknowledges:

    1.1 The absolute title and ownership of the TRUSTOR over the property;
    1.2 His role as TRUSTEE and agent of TRUSTOR to hold naked title to the SHARE for
    and in behalf of the TRUSTOR;

    2. The TRUSTEE and the TRUSTOR agree that any/all income, dividend whether cash,
    stock or property and other fruits derived from or earned on the SHARE shall be for the
    exclusive account and benefit of the TRUSTOR, and the TRUSTEE shall deliver the
    same to the TRUSTOR, or to whomsoever the latter may designate.

    3. With respect to the income referred to in part 2, the TRUSTOR warrants and hereby
    undertakes to hold the TRUSTEE free and harmless from liability for any and all taxes
    that may be due therein.
    4. Taxes due on the SHARE shall be paid by TRUSTOR.

    5. Director’s fee and other amounts received by way of compensation for services rendered
    by TRUSTEE to the Corporation shall be for the account for the account of and benefit of
    the TRUSTEE.

    6. The TRUSTEE hereby agrees, as it hereby agrees to transfer the SHARE in favor of the
    TRUSTOR or any of his designated nominees or beneficiaries upon TRUSTOR’s
    instruction and the Corporate Secretary of the Corporation is hereby requested to cause
    the transfer of the SHARE form the TRUSTEE to TRUSTOR or his duly designated
    nominees/beneficiaries upon receipt of a written request from the TRUSTOR.

    7. The TRUSTOR shall indemnify, defend and hold harmless the TRUSTEE and/or his
    representatives from and against any losses, liabilities, damages, claims, actions,
    judgments, cost and expenses arising from or as a consequence of the TRUSTEE’s
    holding on the SHARE in trust for the TRUSTOR, and for all acts performed by the
    TRUSTEE pursuant to the instructions of the TRUSTOR.
    IN WITNESS WHEREOF, the parties hereto have hereunto set their hands on the date and
    at the place first above written.
     
    ______________________________ _______________________________
    ASSIGNOR ASSIGNEE
    Signed in the presence of:

      _____________________  Witnesses _____________________

    Acknowledgement 
    Republic of the Philippines)
    City of ________________) S.S
     
    BEFORE ME, a notary for and in the City of __________________, personally appeared:

    COMPETENT PROOF OF
    PARTIES IDENTITY
    EXPIRY DATE
    `
    _____________________________
    Assignor

    ___________________________________
    Assignee
    known to me and to me known to be the same persons who executed the foregoing Deed of
    Assignment through the document indicated below their name and acknowledged to me that the
    same is their free and voluntary act and deed.

    WITNESS MY HAND AND SEAL, on this ______________________ at City of


    ______________________.
     

    Doc.  No.______; NOTARY PUBLIC


    Page No.______;
    Book No.______;
    Series of 2020.

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