Sample Trust Deed For Charitable Purpose
Description
How to fill out Charitable Remainder Inter Vivos Unitrust Agreement?
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FAQ
A charitable trust is defined as a public trust for purposes that provide a benefit to the public or a section of the public and is a trust subject to supervision by the Charity Commission. A trust is only considered charitable if it is established for a purpose that the law regards as charitable.
A charitable trust is created by the expression of a charitable intent in a will, trust instrument, or corporate charter and requires the trustee to use the property for a charitable purpose such as relig- ion, education, or public welfare.
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 [ ...
The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; or maintenance of public buildings, monuments, or works; lessening the burdens of government; lessening ...
For example, say that you wanted to leave your house to the local town to use as a community center. You might set up a charitable trust to hold the house and oversee its use and caretaking even after your death.