Trust deed

Trust deed

Trust deed

A trust deed is a formal legal instrument that gives effect to the desires of the author of the trust, who reposes confidence in a person for executing the trust deed known as a trustee and lastly the person or persons for whom such confidence is accepted may be called the beneficiary. The property that is the subject matter to be minutely described in the Trust deed is the Trust-Property. Trusts are then categorized into two parts majorly for creation of a deed:

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Frequently Asked Questions

A trust if formed in the matter of a document written and signed by trustees or a sole trustee. There is no definite form to create a trust. Objectives of the trust should be clear and unambiguous.

A trust can be formed as per Section 4 of Indian Trust Act 1882 for a lawful purpose

 The following can form a trust under Sec.7 of the Indian Trusts Act 1882: A person capable of making contract can form a trust; Trust can be formed on behalf of minor with permission of Civil Court.

  1. An Author or Settlor of the Trust
  2. The Trustee
  3. The Beneficiary
  4. The Trust Property or the Subject Matter of the Trust
  5. The objects of the Trust

The registration of Trust or Trust Deed Registration is a one and same thing and each state have prescribed a distinct profess for trust registration.

 As such, there is no uniform trust registration form to register a trust. The basic documents to register a trust is the trust deed and KYC documents of its author, trustee and witness of the trust deed

Yes, amendment can be made a rectification or supplementary deed.

 

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