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Deed of Removal of Trustee(s)
By Settlor
For consideration by solicitors for the Settlor(s).
IMPORTANT:
This Deed should only be used where the Settlor has the explicit
power under the terms of the trust to remove trustees without their
consent, and providing there will be at least 2 trustees after their
removal.
This Deed will not be suitable for use where changes to trustees under
more than one trust are required.
This trust form should be completed with the details that appear on your policy
document. Please ensure you provide all the information requested in the
Schedule (policy number etc.). When completed please send this trust form to:
Friends Provident, PO Box 1550, Milford, SALISBURY, Wilts SP1 2TW
CTS47 08/07 (PDF)
GENERAL INFORMATION HOW TO COMPLETE THIS DEED
Definitions: 1. Please read this Deed to make sure that it
meets your requirements.
Deed – means the three numbered pages
following. 2. In Part A of the Schedule, insert the full
name(s) and address(es) of the Settlor(s).
Settlor(s) – mean(s) the person(s) who created
the trust. 3. In Part B of the Schedule, insert the full
name(s) and address(es) of the Continuing
What is the maximum number of trustees Trustees, include the Settlor(s). if
needed to administer a trust? appropriate. The address of the Settlor(s)
may be shown as ‘as above’.
In practice there is generally no limit to the
number of trustees who may be appointed. 4. In Part C of the Schedule insert the full
However, for ease of administration, the name(s) and address(es) of (all) the New
number of trustees is usually limited to four. Trustee(s) (if any) who is(are) to be
appointed as trustees by this Deed and who
What is the minimum number of trustees is (are) to act jointly with the Settlor(s) and
needed to administer a trust? Continuing Trustee(s) (if any).
Once two or more trustees have been 5. In Part D of the Schedule, insert the full
appointed, no fewer than two trustees should name(s) and address(es) of (all) the
remain to administer the trust unless, of course, Trustee(s) who is(are) to be removed.
this circumstance arises as a result of the death
of a trustee. 6. In Part E of the Schedule, insert brief details
of the policy(ies) held subject to the Trust.
This deed can be used to remove a trustee The name of the Issuing Company should be
without their consent, providing there will be at the name of the company as it appears on
least 2 trustees after the removal. It also allows your policy document. Please see also Note
a new trustee to be appointed to replace the 8 below.
removed trustee.
7. In Part F of the Schedule, insert the date on
Important Note: the trust fund may be which the trust was created.
subject to tax in any territory where a
trustee is resident. Friends Provident 8. On the final page, insert the date on which
cannot advise on non-UK tax issues. the parties hereto completed this deed.
The Deed must be signed by the Settlor(s)
and any New Trustee(s). It would be helpful
if any Continuing Trustee(s) also sign the
Deed to indicate that they are aware of the
removal. All signatures should be
witnessed by an independent witness (i.e.
someone unconnected with the Deed).
CTS47 08/07 (PDF)
THIS DEED OF REMOVAL is made between the parties named in the Schedule (who are referred to
by the descriptions given to them in the Schedule) and is supplemental to the Trust (hereinafter called
“the Trust”) identified in Box F of the Schedule.
WHEREAS:
(a) The policy(ies) identified in Box E of the Schedule are now the property of the Trust.
(b) The Continuing Trustees (if any) and the Removed Trustee(s) is (are) the present trustee(s) of
the Trust.
(c) The power of appointing new trustees and removing existing trustees without assigning any
reason therefor, is vested in the Settlor(s).
(d) The Continuing Trustee(s) (if any) desire(s) to remain as a trustee (trustees).
(e) The Settlor(s) desire(s) to remove the Removed Trustee(s) from office.
(f) The Settlor(s) is(are) desirous of appointing the New Trustee(s) (if any) to be a
trustee(trustees) of the Trust and to act jointly with the Continuing Trustee(s) (if any) in place
of the Removed Trustee(s).
NOW THIS DEED WITNESSES that in exercise of the power for the purpose vested in him/her/them by
the Trust and of every other power him/her/them enabling
The Settlor(s) HEREBY REMOVE(S) the Removed Trustee(s) from the office of trustee of the Trust with
effect from the date hereof and
If a New Trustee is named, the Settlor(s) HEREBY APPOINT(S) the New Trustee(s) to be a trustee
(trustees) of the Policy in place of the Removed Trustee(s) and to act jointly with the Continuing
Trustee(s) (if any) for the purposes of the Trust of such of the same as are still subsisting and capable of
taking effect and
The Continuing Trustee(s) (if any) HEREBY ASSIGN(S) to the Continuing Trustee(s) (if any) and the
New Trustee(s) (if any) the Policy and all rights, benefits and provisions thereof TO HOLD the same
upon the trusts and with and subject to the powers and provisions declared in the Trust.
CTS47 08/07 (PDF)
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The Schedule
A. The Settlor(s):
Full Name: Full Name:
Address: Address:
B. The Continuing Trustee(s) including the Settlor(s) if appropriate:
Full Name: Full Name:
Address: Address:
Full Name: Full Name:
Address: Address:
C. The New Trustee(s):
Full Name: Full Name:
Address: Address:
Full Name: Full Name:
Address: Address:
D. The Removed Trustee(s):
Full Name: Full Name:
Address: Address:
Full Name: Full Name:
Address: Address:
E. The Policy(ies) held subject to Trust
Policy Number Issuing company
F. The Trust
Date Trust Created
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IN WITNESS WHEREOF these presents consisting of this and the two preceding pages
are executed by the said parties on the date shown and before the witnesses hereto
subscribing.
Dated this day of 20
SIGNED AND DELIVERED AS A DEED BY SIGNED AND DELIVERED AS A DEED BY
Print Name Print Name
Signature Signature
IN THE PRESENCE OF IN THE PRESENCE OF
Witness name Witness name
Witness address Witness address
Witness signature Witness signature
SIGNED AND DELIVERED AS A DEED BY SIGNED AND DELIVERED AS A DEED BY
Print Name Print Name
Signature Signature
IN THE PRESENCE OF IN THE PRESENCE OF
Witness name Witness name
Witness address Witness address
Witness signature Witness signature
SIGNED AND DELIVERED AS A DEED BY SIGNED AND DELIVERED AS A DEED BY
Print Name Print Name
Signature Signature
IN THE PRESENCE OF IN THE PRESENCE OF
Witness name Witness name
Witness address Witness address
Witness signature Witness signature
CTS47 08/07 (PDF)
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