Trust Deed

Key Components of a Trust Deed

Parties Involved

• Settlor: The person transferring assets into the trust.
• Trustee: The individual or organization responsible for managing the trust’s assets.
• Beneficiaries: The individuals or entities that benefit from the trust.

Trust Property

• Specifies the assets placed into the trust, such as cash, real estate, or investments.

Purpose of the Trust

• Defines the intent and objectives, such as asset protection, wealth distribution, or charitable goals.

Powers and Duties of the Trustee

• Details the responsibilities, authority, and limitations of the trustee.

Distribution Terms

• Explains how and when the assets or income from the trust will be distributed to beneficiaries.

Duration of the Trust

• Specifies the time frame for which the trust will remain in effect.

Amendments and Termination

• Outlines the conditions under which the trust deed can be amended or terminated.

A Trust Deed is a legal document that formalizes the establishment and operation of a trust. It outlines the terms and conditions under which the trust is managed, defining the relationship between the Settlor (the person who creates the trust), the Trustee(s) (the person or entity responsible for managing the trust), and the Beneficiaries (the individuals or entities who benefit from the trust).