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A Family Trust Deed provides the flexibility, control and protection that you need, to give significant gifts in your lifetime with complete peace of mind. The deed of family trust lays down the terms and conditions of the trust and provides for the mechanism for the functioning of the same.
The trust shall be an irrevocable public educational, cultural trust for the benefit of all persons belonging to whatever community irrespective of Caste, Creed or Religion, the Trustees shall stand possessed of the said amount of corpus
Format of Private Trust Deed is given below. It is not mandatory to register a private Trust with the Registrar. But the registered private trust deed is valid for all legal purposes. Private Trust Deed can be registered with the Sub-Registrar / Registrar in the particular area.
DEED OF TRUST This Deed of Trust (this “Trust Deed”) is made as of the _____ day of _____, 20_____ (the “Effective Date” by and among: Lender(s): • _____ [Name] a/an (Check one) ☐ individual ☐ _____ _____ [Entity type] incorporated under the laws of _____ [State]
- (ii) Name Clause
- (iv) Specific objects clause
- Provision for administrative management expenses
- Provision of power to trustees to accept donations, to make transfer of trust property and accept voluntary contributions towards corpus only for meeting conditions under section 12 Clause 7
- Provision for enabling trustees to amalgamate with any trust-Claue 8
- Enlargement of object to purposes for which donations may be easily attracted-Clause 9
“The Trust hereby created shall be designated as Ravinder Kumar Gupta Charitable Trust”. (iii) Clause specifying income sources, specific objects to which income is to be applied etc. “The Trustees shall hold and stand possessed of the above said Trust Fund upon Trust to receive the interest, dividends, rents, profits and other income thereof and t...
“Without prejudice to the generality of the foregoing objects or purposes but subject as aforesaid, it is declared that the Trustees shall each year apply the net income of the Trust Fund and may at their discretion at any time and from time to time apply also the Trust Fund or any part or parts of the Trust Fund in or towards any one or more of th...
“The Trustees may reimburse themselves or pay and discharge all the costs, charges and expenses incurred in or about or incidental to the administration or management or execution of any of the powers of these presents and also all outgoings, taxes, assessments, dues and duties and other taxes payable in respect of Trust income, Trust funds or Tru...
“The Trustees may accept any donations or contributions in cash or kind or transfer of any property movable or immovable or take up any running institution from any person or persons, Institutions or Trust for the furtherance of the objects of the Trust or any one or more of them on such terms and conditions as they may in their absolute discretion...
The Trustees shall be at liberty to allow and permit any other Trust or Institution to be amalgamated with the Trust created by these presents or any portion thereof with any other Trust or Institution having allied or kindred objects upon such terms as they may in their absolute discretion deem fit and proper”. (ix)
“The Trustees may in their absolute discretion utilize any part of the net income of the Trust property as also the corpus of the Trust fund for any object of “rural development” or “rural work to provide self employment” and in particular in or towards the following : (a) (1) Establishment, and (2) Running of educational and vocational training ce...
Legal Considerations for Public Charitable Trust. A deed of public trust is a legal document that includes clauses stating the terms and conditions between the parties. It needs to be printed on a judicial / e-stamp paper of the correct value and signed by both parties.
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Word ODT PDF. What Is a Deed of Trust? A deed of trust form is a real estate document you might encounter at the end of the home buying process. It represents an agreement between the home buyer and the home loan lender. In this deed, the buyer agrees that the lender will hold the legal title of the property until the buyer repays the loan.
