Bank Account Declaration of Trust Template

The Declaration of Trust for Bank Account is:

Fully Customisable | 5-Page Legal Template | 2026 Compliant

Bank Account Declaration of Trust Template (England & Wales)

Clearly record beneficial ownership of funds held in a bank account using our professionally drafted Bank Account Declaration of Trust Template for England and Wales. Designed for individuals, trustees, solicitors, and legal advisers, this template provides a clear and legally robust trust declaration where one or more parties hold money on trust for another.

This UK bank account declaration of trust template is commonly used where funds are held in a personal or joint account for administrative convenience, estate planning, family arrangements, or third-party benefit. It helps prevent disputes by clearly documenting ownership, trustee obligations, and beneficiary rights under English trust law.

Why Choose This Bank Account Declaration of Trust Template?

UK Trust Law Aligned
Prepared in line with English trust law principles and best practice.

Clear Beneficial Ownership Record
Formally documents who owns the funds and on what terms.

Professionally Drafted
Reflects solicitor-style drafting used in UK trust and private client matters.

Fully Customisable
Editable format allows insertion of account details, parties, and trust terms.

Time and Cost Efficient
Avoid bespoke drafting fees while maintaining legal certainty and enforceability.

Who Should Use This Template?

• Individuals holding money on behalf of another person

• Trustees managing funds through a bank account

• Solicitors and legal advisers documenting trust arrangements

• Families and private parties seeking clarity over shared or held funds

Key Features Included

• UK-compliant bank account declaration of trust wording

• Identification of trustees and beneficiaries

• Clear description of trust funds and account details

• Trustee obligations and restrictions on use of funds

• Deed execution clauses for England and Wales

FAQs About Bank Account Declarations of Trust

Q: What is a bank account declaration of trust?
It is a legal document confirming that money held in a bank account is held on trust for one or more beneficiaries.

Q: Is a declaration of trust legally binding in the UK?
Yes. When properly drafted and executed, it is enforceable under English trust law.

Q: Does this template comply with UK law?
Yes. It is drafted for use in England and Wales and aligned with UK trust law principles.

Q: When should a declaration of trust be used for a bank account?
Where funds are held for another person, shared informally, or held temporarily to avoid ambiguity or disputes.

Q: How do I use this template?
Complete the trustee, beneficiary, and account details, execute the declaration as a deed, and retain it with your records.

For a bespoke version of this document ask for a free quote