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This Deed of Trust (the ?Trust Deed?) sets out the terms and conditions upon which: [Settlor Name] (the ?Settlor?), of [Settlor Address], settles that property set out in Schedule A (the ?Property?) upon [Trustee Name] (the ?Trustee?), being a Company duly registered under the laws of [state] with registered number [ ...
All Trust Deeds are legally binding, which means you cannot cancel it once it has been signed. Understanding the terms and conditions of a Trust Deed is an extremely important factor to consider before you enter into one.
An irrevocable trust can get revoked with the consent of both the settlor/trustor and the beneficiary. If the trustor/settlor dies, the beneficiary's consent is required, which should be done in the court of law.
An irrevocable trust can get revoked with the consent of both the settlor/trustor and the beneficiary. If the trustor/settlor dies, the beneficiary's consent is required, which should be done in the court of law.
78 of the Indian Trust Act 1882: Trust can be cancelled at the will of the trustees; Trust can be cancelled if there is provision for cancellation in the deed. If author of a trust creates trust for the purpose of repayment of his debt and if this neither is nor informed to the creditor author can cancel the trust.