What is included in a beneficiary clause?

A beneficiary clause identifies who may benefit from the trust and may explain their shares, conditions for receiving assets, or rights to income and capital.

How is trust property described in a revocable living trust?

The trust property clause lists or describes the assets held in the trust, such as money, shares, personal property, or beneficial interests in property.

What is a distribution clause in a living trust?

A distribution clause explains when and how trustees may transfer income or capital to beneficiaries, either during the settlor’s lifetime or after death.

What powers can trustees have under a UK revocable living trust?

Trustee powers may include managing assets, investing funds, opening accounts, paying expenses, distributing property, and taking legal or tax advice.

Why does a UK trust document need a governing law clause?

A governing law clause states which jurisdiction’s law applies to the trust, commonly England and Wales, Scotland, or Northern Ireland as appropriate.

Can a Declaration of Trust include an incapacity clause?

An incapacity clause can state who manages the trust if the settlor loses mental capacity, subject to trustee duties and any applicable UK legal requirements.

What is a successor trustee clause?

A successor trustee clause names who will act if an original trustee dies, resigns, becomes unable to act, or is removed.

What does an expenses clause do in a trust document?

An administrative expenses clause allows trustees to pay reasonable costs, taxes, legal fees, valuation fees, and other expenses from trust assets.

Do UK revocable living trusts need tax clauses?

A tax clause may authorise trustees to deal with tax reporting, payments, and advice, but it does not remove any UK tax obligations.

What is a dispute resolution clause in a Declaration of Trust?

A dispute resolution clause can set out how disagreements between trustees or beneficiaries should be handled, such as negotiation, mediation, or court proceedings.

Why is the execution clause important in a UK trust document?

A signing clause records how the document should be executed, including signatures, dates, and witnesses where required for the trust arrangement.

Can standard trust clauses be used for every UK revocable living trust?

Standard clauses should be tailored to the assets, parties, jurisdiction, tax position, and purpose of the trust. Generic wording may not suit every situation.

How does this clauses page relate to a UK revocable living trust generator?

The main category page helps users generate a UK revocable living trust or Declaration of Trust document using AI-guided prompts and document automation.

EN-GB>Wills>Declaration of Trust>UK Revocable Living Trust Clauses

Common Clauses In UK Revocable Living Trust Documents

Created: 10 Jun 2026

Understanding common clauses in UK revocable living trust documents helps you review key provisions with more confidence. This guide is part of our AI Generated British Declaration of Trust resources, designed to make trust document content clearer and more relevant.

Clause name	Clause purpose	Usage frequency	When used	Inputs required
Core trust creation
Declaration Of Trust	States that trustees hold the property on trust for the beneficiaries.	Essential	All declarations of trust.	Trustees, beneficiaries, property description, date.
Parties And Capacity	Identifies settlor, trustee, beneficiary, and their legal capacity.	Essential	All documents with named individuals or companies.	Full names, addresses, roles, company numbers if any.
Trust Property Description	Defines the asset covered by the declaration.	Essential	All trusts, especially trusts of land.	Address, title number, asset details, exclusions.
Execution and evidence
Registered Title Details	Links the trust to the correct registered land title.	Common	Registered freehold or leasehold property.	Title number, tenure, property address, registered proprietors.
Unregistered Land Identification	Identifies unregistered property using deed and plan evidence.	Situational	Property not yet registered at HM Land Registry.	Conveyance details, plan, deed references, boundaries.
Ownership and shares
Fixed Beneficial Shares	States each beneficiary's percentage or fraction.	Essential	Co-owners want clear unequal or equal shares.	Beneficiary names and percentages or fractions.
Contribution-Based Shares	Links beneficial shares to stated purchase contributions.	Common	Buyers contributed different deposits or costs.	Deposit amounts, purchase price, fees, agreed calculation.
Floating Beneficial Shares	Allows shares to change as contributions change.	Situational	Parties will contribute unequally over time.	Contribution formula, review dates, eligible payments.
Tenants In Common Statement	Confirms beneficiaries hold distinct shares, not survivorship interests.	Common	Co-owners want shares to pass under will or estate.	Beneficiaries, share percentages, severance status.
Survivorship Intention	Records whether survivorship is intended on death.	Situational	Joint owners want clarity on death consequences.	Survivorship preference, beneficiary names, shares.
Deposit Protection	Repays stated deposits before remaining proceeds are shared.	Common	One party paid a larger initial deposit.	Deposit amounts, repayment priority, balance split.
Mortgage Contributions	Records who must pay mortgage instalments and in what shares.	Common	Trust property is mortgaged.	Mortgage lender, account, payment shares, due dates.
Sale or transfer
Mortgage Redemption On Sale	Requires mortgage repayment before net proceeds are distributed.	Common	Property may be sold with a secured loan outstanding.	Loan details, redemption priority, sale cost deductions.
Ownership and shares
Improvements And Renovations	Records how improvement costs affect shares or reimbursements.	Situational	Parties fund renovations unequally.	Works, costs, consent rules, reimbursement formula.
Administration
Outgoings And Running Costs	Allocates bills, insurance, service charges, and maintenance costs.	Common	Property has ongoing shared expenses.	Cost categories, payment shares, reimbursement process.
Occupation Rights	States who may live in or use the property.	Common	One or more beneficiaries will occupy the property.	Occupiers, conditions, exclusivity, termination events.
Occupation Rent	Compensates non-occupying beneficiaries where agreed.	Situational	One beneficiary occupies to the exclusion of others.	Rent basis, valuation method, payment dates, set-offs.
Rental Income Distribution	Allocates rent after expenses between beneficiaries.	Situational	Trust property is let to tenants.	Rent split, deductible expenses, agent fees, tax records.
Trustee Management Powers	Gives trustees power to manage, insure, repair, and deal with assets.	Essential	All trusts needing active administration.	Permitted powers, limits, consent requirements.
Trustee Duty Of Care	Reminds trustees to act with reasonable care and skill.	Common	Trustees have investment, management, or delegation powers.	Trustee roles, professional status, modified duties if any.
Investment Powers	Allows trustees to invest trust funds where relevant.	Situational	Trust may hold cash or investment assets.	Permitted investments, risk limits, advice requirements.
Delegation To Agents	Allows trustees to appoint agents, solicitors, or managers.	Common	Trustees may need professional help managing property.	Permitted agents, fee approval, supervision duties.
Appointment And Retirement Of Trustees	Sets how trustees can be replaced or retire.	Common	Trust may continue after a trustee leaves or dies.	Appointor, replacement process, minimum trustees.
Minimum Trustee Number	Supports valid receipt and overreaching where land is sold.	Situational	Trust of land may be sold by trustees.	Current trustees, replacement trustee arrangements.
Trustee Decisions And Consent	States whether decisions require unanimity, majority, or consent.	Common	There is more than one trustee or beneficiary.	Decision types, voting threshold, reserved matters.
Beneficiary Consent For Reserved Matters	Requires beneficiary approval for sale, mortgage, lease, or transfer.	Common	Beneficiaries want control over major property decisions.	Reserved matters, consent form, response period.
Accounts And Records	Requires trustees to keep records of payments and distributions.	Common	Trust has income, expenses, loans, or unequal contributions.	Record types, reporting frequency, access rights.
Tax Reporting Responsibility	Allocates responsibility for trust tax filings and information.	Situational	Trust generates income, gains, or registration obligations.	Responsible trustee, adviser, tax references, deadlines.
Trust Registration Service Compliance	Records who checks and completes any TRS registration.	Situational	Trust may need HMRC trust registration.	Lead trustee, trust details, beneficiary details, deadlines.
Insurance	Requires property insurance and allocates premium costs.	Common	Trust property is a building or valuable asset.	Insured risks, policyholder, premium shares, claim proceeds.
Repairs And Maintenance	Allocates maintenance duties and cost sharing.	Common	Trust property needs upkeep or shared occupation.	Repair categories, approval threshold, payment shares.
Emergency Expenditure	Allows urgent spending to protect the trust property.	Optional	Property may need urgent repairs without prior consent.	Spending cap, notice period, reimbursement method.
Trustee Indemnity	Protects trustees from proper expenses and liabilities.	Common	Trustees may incur costs acting for the trust.	Covered liabilities, exclusions, payment source.
Trustee Remuneration	Allows payment to professional or authorised trustees.	Situational	A solicitor, accountant, or professional trustee is appointed.	Fee basis, approval process, expense policy.
No Lay Trustee Remuneration	Confirms unpaid trustees may recover expenses only.	Optional	Family or co-owner trustees should not be paid fees.	Expense categories, approval process, reimbursement timing.
Variation or revocation
Revocation By Settlor	Allows the settlor to revoke the trust if permitted.	Essential	Trust is intended to be revocable.	Revocation power holder, notice form, effective date.
Variation By Agreement	Sets how the trust terms may be amended.	Common	Parties may need to change shares or rules later.	Consent parties, writing requirement, execution method.
Execution and evidence
Land Disposition Formalities	Flags written and signed formalities for land contracts.	Common	Trust terms affect sale or transfer of land.	Written terms, signatures, incorporated documents.
Evidence Of Trust Of Land	Records signed evidence of a trust concerning land.	Essential	Trust concerns UK land or beneficial interests in land.	Signed declaration, property details, beneficial interests.
Execution As A Deed	Provides deed wording and execution formalities where needed.	Common	Document is intended to be executed as a deed.	Execution blocks, witnesses, delivery wording, dates.
Witness Attestation	Records independent witnessing of signatures.	Common	Individuals execute the document as a deed.	Witness names, addresses, occupations, signatures.
Company Execution	Sets company signing method for corporate trustees or beneficiaries.	Situational	A UK company is a party to the trust deed.	Company name, number, signatories, authority evidence.
Electronic Signature	Allows electronic signing where legally acceptable.	Optional	Parties intend to sign electronically.	Platform, authentication, witness process, signing date.
Counterparts	Allows parties to sign separate copies of the same document.	Optional	Parties sign in different locations or at different times.	Counterpart wording, delivery method, completion date.
Land Registry Restriction	Records whether a restriction should protect trust interests.	Situational	Beneficial interests in registered land need title protection.	Restriction type, title number, applicant, consent evidence.
Form A Restriction	Protects tenants in common by restricting sole disposition.	Common	Co-owners hold beneficial shares as tenants in common.	Title number, proprietors, trust evidence, application form.
Sale or transfer
Power Of Sale	Authorises trustees to sell the trust property.	Common	Trust property may need to be sold.	Sale triggers, consent rules, marketing method.
Sale Trigger Events	Lists events that require or permit sale.	Common	Parties want certainty on when sale can happen.	Events, notice periods, exceptions, consent rules.
Sale Procedure	Sets valuation, agent selection, listing, and acceptance rules.	Common	Co-owners may disagree about sale mechanics.	Valuer, agent, asking price, offer acceptance threshold.
Net Sale Proceeds Distribution	States how sale proceeds are paid after deductions.	Essential	Trust asset may be sold or refinanced.	Deduction order, shares, bank details, reserves.
Beneficiary Buy-Out Right	Allows one beneficiary to buy another's share.	Situational	Co-owners may separate or one wants to keep the property.	Valuation method, payment deadline, transfer costs.
Right Of First Refusal	Gives existing beneficiaries first chance to buy a share.	Optional	Parties want to prevent unwanted third-party co-owners.	Offer notice, price, acceptance period, transfer conditions.
Transfer Restrictions	Limits assignment or transfer of beneficial interests.	Situational	Beneficiaries should not freely sell or assign shares.	Restricted transfers, consent parties, permitted transferees.
Assignment Of Beneficial Interest	Requires proper written transfer of a beneficial interest.	Situational	A beneficiary may transfer all or part of a share.	Transferor, transferee, share, consideration, signatures.
Lender Consent	Requires lender consent before transfer, lease, or further charge.	Situational	Trust property is subject to a mortgage.	Lender, mortgage terms, consent process, prohibited acts.
Refinancing	Sets rules for remortgaging or changing secured borrowing.	Situational	Parties may refinance the property.	Consent threshold, loan limits, payment responsibility.
Letting And Licensing	Controls granting tenancies, licences, or short-term lets.	Situational	Property may be rented out or occupied by third parties.	Permitted lettings, consent, income split, management agent.
Ownership and shares
Death Of Beneficiary	States what happens to a deceased beneficiary's share.	Common	Beneficial shares are held as tenants in common.	Share destination, estate representative, notice requirements.
Dispute handling
Bankruptcy Or Insolvency	Addresses consequences if a beneficiary becomes insolvent.	Situational	There is credit risk or business-owner involvement.	Trigger events, notice, sale or buy-out mechanism.
Relationship Breakdown	Sets practical steps if cohabiting parties separate.	Situational	Unmarried partners or family members buy together.	Occupation, buy-out, sale timetable, cost sharing.
Deadlock Resolution	Provides a process when trustees or beneficiaries cannot agree.	Common	Multiple decision-makers have equal control.	Deadlock definition, escalation, mediator, final mechanism.
Mediation Before Proceedings	Requires parties to attempt mediation before court action.	Optional	Parties want a structured non-court dispute process.	Mediator selection, timing, cost sharing, exceptions.
Expert Determination	Lets an expert decide valuation or technical disputes.	Situational	Disputes may concern value, repairs, or accounting.	Expert type, appointment body, binding status, costs.
Valuation Method	Sets how property or shares are valued.	Common	Buy-out, sale, transfer, or dispute may require valuation.	Valuer qualifications, valuation date, assumptions, costs.
Court Application Under TOLATA	Acknowledges right to seek court directions or sale order.	Situational	Disputes over sale, occupation, or exercise of trustee functions.	Parties, disputed issue, pre-action steps, court jurisdiction.
Administration
Consultation With Beneficiaries	Requires trustees to consult beneficiaries where appropriate.	Common	Trustees exercise functions over land.	Beneficiaries to consult, notice method, response period.
Dispute handling
Governing Law	States which UK jurisdiction's law governs the trust.	Essential	All UK trust documents, especially cross-border parties.	England and Wales, Scotland, or Northern Ireland.
Jurisdiction	States which courts may hear disputes.	Common	Parties or property may be in different places.	Court jurisdiction, exclusive or non-exclusive wording.
Administration
Notices	Sets how formal notices must be given.	Common	Revocation, sale, consent, or dispute notices may be needed.	Addresses, email use, deemed delivery, update process.
Confidentiality	Limits disclosure of trust terms and financial information.	Optional	Parties want privacy around ownership or family finances.	Confidential information, permitted disclosures, duration.
Personal Data Handling	Allows trustees to process personal data for trust administration.	Optional	Trustees hold identity, tax, or contact details.	Data types, purposes, disclosure recipients, retention period.
Dispute handling
Severability	Keeps remaining terms effective if one term is invalid.	Optional	Document contains detailed or bespoke provisions.	Fallback wording, modification permission.
Execution and evidence
Entire Agreement	Confirms the document records the complete trust arrangement.	Optional	Parties want to avoid reliance on informal side discussions.	Excluded documents, prior agreements, reliance carve-outs.
Schedules And Supporting Documents	Incorporates plans, title documents, accounts, or contribution tables.	Common	The trust needs detailed property or contribution evidence.	Schedule list, document references, signed copies.
Independent Advice Acknowledgment	Records opportunity to take legal and tax advice.	Optional	Unequal shares, family gifts, or vulnerable parties are involved.	Advice taken, adviser details, waiver wording.
Voluntary Execution	Records that parties sign freely and understand the document.	Optional	There is risk of later challenge by a party or estate.	Signatory confirmations, language needs, advice details.
Mental Capacity Confirmation	Records that parties have capacity to enter the arrangement.	Optional	Elderly, vulnerable, or attorney-assisted parties are involved.	Capacity confirmation, assessor if any, execution circumstances.
Attorney Execution	Allows signing by attorney where valid authority exists.	Situational	A party signs through an attorney or deputy.	Power of attorney, attorney details, authority scope.
Administration
Minor Beneficiary Provisions	Sets how shares for beneficiaries under 18 are held or applied.	Situational	A child is or may become a beneficiary.	Child details, guardian, payment rules, age conditions.
Maintenance And Advancement	Allows funds to be applied for a beneficiary's benefit.	Situational	Trust holds money or minor beneficiaries' shares.	Eligible beneficiaries, purposes, limits, approval process.
Ownership and shares
Further Contributions	Records how later payments affect reimbursement or shares.	Common	Beneficiaries may make unequal future payments.	Eligible payments, evidence required, adjustment formula.
Inter-Party Loans	Distinguishes loans from ownership contributions.	Situational	One party lends money to another for the purchase.	Loan amount, interest, repayment, security, share effect.
Third-Party Gift Contributions	Records whether third-party funds are gifts, loans, or contributions.	Situational	Parents or relatives provide purchase funds.	Donor, recipient, amount, gift or loan status.
No Beneficial Interest For Non-Contributors	Confirms a named person has no beneficial share.	Situational	Someone is on title or mortgage but not intended to benefit.	Person name, role, reason, acknowledgement.
Core trust creation
Bare Trust Statement	Confirms beneficiaries are absolutely entitled to trust property.	Situational	Trustees hold property for adult beneficiaries absolutely.	Beneficiaries, entitlement shares, trustee role.
Nominee Trustee Statement	States legal owner holds as nominee for beneficial owner.	Situational	Legal title is in one name for another's benefit.	Nominee, beneficial owner, asset, permitted actions.
Background Recitals	Explains context, purchase history, and parties' intentions.	Common	Document records contributions or corrects informal arrangements.	Purchase date, price, contributions, relationship, intentions.
Commencement Date	States when the trust takes effect.	Essential	All declarations, especially purchase-completion documents.	Effective date, completion date, signing date if different.
Trust Duration	States how long the trust may continue.	Optional	Trust may continue for a long period or across generations.	Trust period, termination events, governing jurisdiction.
Variation or revocation
Termination Of Trust	Sets when the trust ends and assets are distributed.	Common	Trust ends on sale, agreement, revocation, or final distribution.	Termination triggers, distribution rules, final accounts.
Adult Beneficiary Termination Right	Acknowledges adult beneficiaries may require transfer where entitled.	Situational	All beneficiaries are adult, capacitated, and absolutely entitled.	Beneficiary ages, capacity, entitlement, transfer instructions.
Written Amendment Evidence	Requires changes to be written, dated, and signed.	Common	Parties may later alter shares or administration terms.	Amending parties, amendment text, signatures, witnesses.
Correction Of Errors	Provides a process to correct clerical mistakes.	Optional	Document contains schedules, figures, or complex calculations.	Error type, correction authority, notice, evidence.
Execution and evidence
Document Custody	States who keeps the original and provides certified copies.	Common	Original deed may be needed for sale, dispute, or registration.	Custodian, copy rights, storage location, replacement process.
Identity Verification Evidence	Supports identity checks for land transactions or registration.	Situational	Land Registry applications or transfers may follow.	ID documents, verification form, verifier details.
Sale or transfer
No Unilateral Dealings	Prevents one party dealing with the property without required consent.	Common	Only one legal owner or trustee may be able to act externally.	Restricted acts, consent parties, exceptions, remedies.
Ownership and shares
Set-Off And Reimbursement	Allows unpaid contributions or expenses to be offset on sale.	Common	Parties may pay more than their agreed share.	Eligible debts, evidence, interest, deduction order.
Interest On Unpaid Contributions	Charges interest where a party fails to pay agreed sums.	Optional	Late payments could unfairly burden another beneficiary.	Rate, grace period, compounding, recovery method.
Administration
Trust Bank Account	Requires separate banking for trust receipts and expenses.	Situational	Trust receives rent, sale proceeds, or shared contributions.	Bank, signatories, approval limits, statement access.
Conflicts Of Interest	Regulates trustee decisions where personal interests conflict.	Common	Trustees are also beneficiaries or connected parties.	Conflict types, disclosure, voting limits, approvals.
Sale or transfer
Self-Dealing Consent	Permits trustee purchase or transaction only with safeguards.	Situational	Trustee may buy a beneficiary's share or trust property.	Consent, valuation, disclosure, independent advice.
Administration
Leasehold Compliance	Requires compliance with lease covenants and landlord consents.	Situational	Trust property is leasehold.	Lease terms, ground rent, service charge, consent rules.
Service Charge And Ground Rent	Allocates leasehold recurring charges between beneficiaries.	Situational	Property is a leasehold flat or leasehold house.	Charge types, payment shares, reserve fund, disputes.
Planning And Building Works Consent	Controls alterations needing planning, building, or landlord approval.	Situational	Beneficiaries may alter or extend the property.	Works, approvals, cost sharing, ownership impact.
Execution and evidence
Ownership Warranties	Confirms parties have not created conflicting interests.	Optional	Existing property or prior informal arrangements are involved.	Prior agreements, charges, occupiers, third-party claims.
Core trust creation
Existing Occupiers And Third-Party Rights	Identifies occupiers or third parties with possible rights.	Situational	Anyone other than owners lives at or uses the property.	Occupier names, rights, consents, waivers, licences.
No Partnership	Confirms co-ownership does not create a partnership.	Optional	Property is investment property or jointly managed asset.	Business exclusions, management limits, tax acknowledgments.
Administration
Personal Representatives	Allows dealings with executors or administrators after death.	Situational	A beneficiary dies before sale or distribution.	Representative details, grant evidence, notice address.
Incapacity	Sets process if a party loses capacity.	Situational	Long-term ownership or older parties are involved.	Attorney, deputy, evidence, decision limits.
Email Notices	Permits formal notices by email with delivery rules.	Optional	Parties prefer electronic administration.	Email addresses, deemed receipt, bounce-back rules.
Change Of Contact Details	Requires parties to keep notice details current.	Optional	Trust may last for years or parties may move.	Current addresses, update process, deemed service rules.
Tax Indemnity Between Beneficiaries	Allocates tax costs arising from each beneficiary's share or actions.	Situational	Sale, rental, or transfer may create tax liabilities.	Tax types, responsible party, indemnity scope, records.
Sale or transfer
Stamp Duty Land Tax Responsibility	Allocates responsibility for SDLT on transfers or consideration.	Situational	Beneficial interests or legal title may be transferred for value.	Consideration, transferee, filing responsibility, payment deadline.
Capital Gains Tax Responsibility	Allocates information duties for gains on sale or transfer.	Situational	Property is not fully covered by main residence relief.	Base cost, sale price, ownership periods, relief claims.
Administration
Inheritance Tax Information	Records responsibility for inheritance tax information if relevant.	Optional	Trust involves gifts, retained benefits, or estate planning.	Gift dates, values, settlor benefits, tax adviser.
Core trust creation
Scottish Property Law Adaptation	Flags need for Scotland-specific wording and registration checks.	Situational	Property or parties are in Scotland.	Scottish title details, governing law, registration requirements.
Northern Ireland Property Law Adaptation	Flags need for Northern Ireland title and law checks.	Situational	Property or parties are in Northern Ireland.	NI title details, governing law, registration steps.
Trust Of Land Basis	Confirms the arrangement is a trust of land where applicable.	Common	Property is land in England and Wales.	Property, trustees, beneficiaries, powers, restrictions.
Execution and evidence
Priority Over Transfer Form Declaration	Clarifies how this deed relates to TR1 trust panel wording.	Situational	A Land Registry transfer form also declares co-ownership status.	TR1 date, panel wording, deed priority, consistency check.
Ownership and shares
Severance Of Joint Tenancy	Records severance so parties hold beneficial shares separately.	Situational	Existing joint tenants want to become tenants in common.	Existing owners, notice, shares, Land Registry restriction.

What Clauses Matter Most In A UK Declaration Of Trust?

The essential clauses are the ones that identify the property, the trustees, the beneficiaries, and the beneficial shares. In UK practice, a declaration of trust is most useful when it clearly records who owns what beneficial interest, even if the legal title is held by one or more trustees.

When Should A Revocation Or Variation Clause Be Included?

A revocation or variation clause is especially important where the arrangement is intended to be changeable. However, changes should be documented carefully because beneficial interests in land and trusts affecting land can engage formalities under the Law of Property (Miscellaneous Provisions) Act 1989 and the Law of Property Act 1925.

Why Are Sale And Transfer Clauses Important?

Sale proceeds, mortgage repayments, buy-outs, and consent to sale are common sources of disputes. Clauses dealing with valuation, sale procedure, deduction of costs, and distribution of net proceeds can make the document much more practical where the trust property is a home or investment property.

What Evidence Should Be Kept With The Trust Document?

Execution, witness, counterpart, and record-keeping clauses help show that the declaration was properly made and preserved. If the trust concerns registered land, users should also consider whether any HM Land Registry restriction or supporting evidence is needed.

Common Clauses in UK Revocable Living Trust Documents

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FAQs

What clauses are commonly included in a UK revocable living trust document?

Common clauses in UK revocable living trust documents include settlor details, trustee powers, beneficiary provisions, trust property, revocation rights, amendment procedures, distribution rules, and governing law.

What is a revocation clause in a Declaration of Trust?

Why is an amendment clause important in a revocable living trust?

What does the settlor clause do in a UK living trust?

What should trustee clauses cover in a UK Declaration of Trust?

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