Deed of ratification
Deed Of Ratification and the Deed of Ratification Trust Deed
Product type: Legal advice and tailoring.
Price: $POA Quoted fees for client acceptance will vary based on the complexity of the advice and/or documentation required.
A trustee may take an action they may not have been empowered to do at the time. This often includes actions taken pursuant to lost deeds or where the current deed was not checked for the relevant power before that action was taken.
A deed of ratification confirms that the action was approved by the authorised parties, who are often the beneficaries or members. This allows the previous unauthorised action to be and validates the action retrospectively. We advise on the necessity for a deed of ratification and draft requisite documentation to ensure compliance.
In some instances when the ratification is necessary as a result of an error in the deed of the trust or super fund. In that case we can include rectification clauses in the deed to correct the error without triggering a resettlement.
What's included:
- deed of ratification (and rectification if necessary)
- letter of advice
- written resolutions of the ratifying party
- consents by any necessary party (eg appointor, member etc)
For more information as to how our associated legal firm Townsends Lawyers can assist, please fill out our no obligation enquiry tab or call 02 8296 6266 for immediate assistance.