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A trust is a legal relationship created (in lifetime, or on death) by a settlor when assets are placed under the control of a trustee for the benefit of a beneficiary, or for a specified purpose.
1. The deed should mention the name and address of the settlor and the name and address of the trust. 2. The deed should specify the date of establishment of the trust, the purpose of the trust and the period of its duration (if any).
For example a private trust was formed by A for benefit of his family members and he transfers 20 lakhs to the private trust and he has appointed himself as the trustee to handle the trust during his lifetime and his sister is the alternate trustee, if any accident occurs to A causing his death, his sister would handle ...
A simple example would be the situation in which one member of a family advances money to another and asks the second member to hold the money or to invest it for him. A more complicated example of an implied trust would be the situation in which one party provides money to another for the purchase of property.
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 [ ...