Trust & fiduciary

Every trustee resolution. Hash-chained.

Nested structures, beneficiary records, distribution authorisations, AML and CRS filings. One matter per trust, one ledger per beneficiary, one immutable chain of custody from settlement through termination.

opbox.app/matters
Al-Rashid Family Trust - Annual Review
MAT-2143
Active
KYC refresh (settlor, trustees, beneficiaries)
Trustee resolution drafting
Asset valuation & statement of accounts
Distribution authorisation
CRS / FATCA filing

The problem

What teams deal with today.

Structures live in someone’s head

Multi-layered trusts with nested entities, protector appointments, beneficiary classes, reserved powers. Spreadsheets cannot model the relationships, so the senior trustee becomes the source of truth.

Regulatory calendars in Excel

FATCA, CRS, AML refresh, economic substance, registrar filings, each with its own deadline, format, and authority. Manual tracking surfaces gaps after the deadline, not before.

Beneficiary opacity

Performance, distributions, and trust accounts only legible by emailing the administrator. Every routine question becomes a phone call.

Succession risk

Key-person dependency on administrators who hold the structure, the relationships, and the unwritten reasoning. Departure equals loss of institutional memory.

Matter types

Targeted workflows.

Each workflow is a matter template, pre-configured with trigger, stages, and outputs. Start one from the spotlight, the client portal, or a scheduled calendar event.

Trust formation

Trigger. Settlor instruction. Structure choice (discretionary, fixed, purpose, charitable) drives the deed template and beneficiary class definition.

Stages.
  1. Settlor KYC and source-of-wealth review
  2. Structure design (trustee, protector, beneficiary classes, reserved powers)
  3. Trust deed and ancillary documents
  4. Settlement (asset transfer, signing, audit certificate)
  5. Statutory file open, beneficiary records seeded

Outputs. Executed trust deed, signed audit certificate, beneficiary register opened, AML pack stored, recurring review pre-scheduled.

Annual trustee review

Trigger. Fires off the trust calendar. Reviews investments, distributions, beneficiary changes, compliance, retention rules.

Stages.
  1. KYC refresh against settlor, trustees, beneficiaries
  2. Asset valuation and statement of accounts
  3. Trustee resolution drafting
  4. Distribution decisions and authorisation
  5. Regulatory filings (CRS, FATCA, FSRA)

Outputs. Hash-chained trustee resolution, refreshed accounts, completed filings, next-year review pre-seeded.

Distribution authorisation

Trigger. Beneficiary request or trustee discretion. Requires evidence, trustee resolution, and chain-of-custody record.

Stages.
  1. Beneficiary request via portal or instruction
  2. Trustee discretion analysis and supporting memo
  3. Trustee resolution drafting
  4. Resolution signing and chain-of-custody anchor
  5. Distribution execution and beneficiary statement

Outputs. Signed trustee resolution, distribution record, updated beneficiary ledger, statement issued via portal.

Beneficiary onboarding

Trigger. New beneficiary added by variation, birth, settlor instruction, or coming-of-age threshold.

Stages.
  1. KYC pack and identity verification
  2. Class and entitlement confirmation
  3. Beneficiary register update
  4. Portal access and initial statement

Outputs. Beneficiary record opened, KYC pack filed, portal credentials issued, statutory file updated.

AML / KYC refresh

Trigger. Risk-based periodic cycle, regulatory change, or trigger event (large distribution, new asset class, jurisdictional move).

Stages.
  1. Risk rating refresh
  2. Document request and source-of-funds review
  3. Sanctions and PEP screening
  4. Compliance sign-off and risk register update

Outputs. Refreshed AML pack, updated risk rating, audit-logged sign-off.

CRS / FATCA filing

Trigger. Annual statutory deadline per jurisdiction. Classification logic determined upfront by trust structure.

Stages.
  1. Account holder identification and classification
  2. Reportable balances and gross payments calculation
  3. XML schema generation per jurisdiction
  4. Authority submission and acknowledgement

Outputs. Filed XML returns, authority receipts, retention-rule-stamped working papers.

Variation deed

Trigger. Settlor instruction, beneficiary class change, asset reorganisation. Often triggers AML refresh and registrar update.

Stages.
  1. Drafting and counsel review
  2. Trustee resolution and consent gathering
  3. Variation execution and witnessing
  4. Beneficiary register and statutory file update

Outputs. Signed variation deed, updated beneficiary register, audit-stamped statutory file.

Trustee change

Trigger. Retirement, resignation, removal, or succession of a trustee. Requires deed of appointment and asset re-vesting.

Stages.
  1. Deed of retirement / appointment drafting
  2. Outgoing trustee accounts and indemnity
  3. Asset re-vesting and registrar updates
  4. Bank and counterparty notification

Outputs. Executed deeds, re-vested assets, updated registrar and bank records, audit certificate.

Termination and wind-up

Trigger. Termination date reached, settlor instruction, or beneficiary majority resolution.

Stages.
  1. Final distribution scheme and tax clearance
  2. Asset distribution to beneficiaries
  3. Final accounts and trustee discharge
  4. Statutory file archived per retention rule

Outputs. Final distribution record, trustee discharge deed, archived statutory file with retention stamp.

Hash-chained
Every state change cryptographically anchored. Trustee resolutions, distributions, and variations carry RFC 3161 timestamps and chain of custody.
1 ledger
Per beneficiary, across every trust they touch. Distributions, statements, KYC packs, correspondence: same record at every administrator desk.
Configurable
Retention rules per jurisdiction. Files surface or quarantine based on FSRA, FCA, GFSC, BVI FSC settings without manual review.

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