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What is the average cost of a trust deed which explicitly states that, despite the legal title being split unevenly, the parties' beneficial interests are equal?

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In the context of Singapore real estate, the concept of trust deeds and their costs is not as commonly discussed as in some other jurisdictions, but we can infer some relevant information.
For a trust deed that explicitly states the parties' beneficial interests are equal despite an uneven legal title split, you would likely need a customized trust deed that addresses the specific intentions of the parties involved.
The costs for setting up such a trust deed in Singapore would depend on the complexity and the legal firm or service provider you engage. Here are some general guidelines:
- A standard discretionary trust or a unit trust could serve as a basis, but given the need for customization to reflect the equal beneficial interests, the costs might be higher.
- Typical costs for setting up a trust deed can range from $660 to $2,200 or more, depending on the type and complexity of the trust.
For a scenario where the parties' beneficial interests need to be explicitly stated as equal despite an uneven legal title, you might be looking at costs closer to or exceeding the higher end of this range, potentially around $1,980 to $2,200 or more, considering the need for detailed and customized legal drafting.
It is advisable to consult with a legal professional specializing in trust law in Singapore to get a precise quote and ensure the trust deed is drafted according to your specific needs.
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