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Trust Deed

Need a legally-binding Trust Deed in Kurnool?
We draft customized trust documents that protect your assets and comply with Andhra Pradesh laws.

✅ Asset Protection Guarantee
✅ AP Stamp Duty Guidance
✅ Clear Beneficiary Terms
✅ Fast Registration Support

To get started, simply provide the following details:

1. Identity Proofs of Settlor and Trustees

  • Aadhaar Card (or equivalent government ID)
  • PAN Card
  • Passport-sized photographs of the Settlor and Trustees

2. Proof of Address

  • Utility bills (electricity, water, telephone, etc.)
  • Rental Agreement (for the Settlor or Trustee if the address is rented)
  • Aadhar Card (for address proof)

3. Trust Property/Corpus

  • Details of the property to be transferred to the trust
    (For immovable property:
    • Title deed or Sale deed
    • Encumbrance Certificate
    • Property Tax Receipts)
  • Bank account details (if the corpus includes cash)

4. Trust Objectives and Purpose

  • Clear and concise objectives (e.g., educational, religious, charitable purposes)
  • Detailed description of the purpose and activities the trust will undertake

5. Details of the Settlor (Creator of the Trust)

  • Full Name
  • Age and Date of Birth
  • Address
  • Occupation
  • Contact details

6. Details of Trustees

  • Full Names of Trustees
  • Age, Date of Birth, and Contact Information
  • Address and Occupation
  • Their roles and responsibilities in managing the trust

7. Power and Duties of Trustees

  • Detailed responsibilities and powers to manage and administer the trust property (including powers of sale, investment, and management)

8. Beneficiaries

  • List of beneficiaries (individuals or groups) who will benefit from the trust’s objectives
  • Nature of benefits (e.g., educational scholarships, healthcare services, etc.)

9. Audit and Financial Management

  • Procedures for maintaining accounts and financial records
  • Details on how the trust will be audited (i.e., annual audit by a Chartered Accountant)

10. Dissolution Clause

  • Conditions under which the trust can be dissolved
  • Procedure for disposal of assets (if the trust dissolves)

11. Witness Details

  • Witness names and addresses
  • Signatures of witnesses who will sign the trust deed in the presence of the settlor and trustees

12. Additional Documents (if applicable)

  • Will or Codicil (if the trust is created as part of a will)
  • Declaration of Trust (if the trust is being set up in the form of a testamentary trust)

For inquiries or submission, contact us at:
Landmarq – Conveyancing and Legal, a trusted legal and documentation service provider in Kurnool, is here to assist you with all your agreement needs.
📧 Email: [email protected] | 📞 Phone/WhatsApp: +91 70452 82751

Here are some commonly asked questions and answers related to Trust Deeds, presented in a clear and formal FAQ style—ideal for websites, brochures, or client information booklets:

1. What is a trust deed?

A trust deed is a legal document that establishes a trust, outlining the purpose, rules, and responsibilities of the settlor and trustees, and how the trust property should be managed and used.

2. Why is a trust deed important?

It legally defines the structure and purpose of the trust, provides clarity to trustees and beneficiaries, and serves as a legal reference in case of disputes.

3. Who are the parties involved in a trust deed?

  • Settlor: The person who creates the trust.
  • Trustees: The people appointed to manage the trust property.
  • Beneficiaries: The individuals or groups who benefit from the trust.

4. What are the types of trusts under a trust deed?

  • Private Trust: For specified individuals or families.
  • Public Trust: For charitable or religious purposes benefiting the general public.
  • Mixed Trust: A combination of private and public elements.

5. Is registration of a trust deed mandatory?

Yes, for immovable property involved in a public charitable trust, registration under the Indian Registration Act, 1908 is mandatory.

6. What are the essential contents of a trust deed?

  • Name and address of the trust
  • Objectives of the trust
  • Details of the settlor and trustees
  • Details of trust property/corpus
  • Powers and duties of trustees
  • Audit and account procedures
  • Dissolution clause

7. Can a trust be modified after execution?

Only if the trust deed specifically allows for amendments, and such modifications comply with applicable laws and procedures.

8. Is a trust deed irrevocable?

Most trust deeds are irrevocable unless a clause within the deed permits revocation under certain conditions.

9. Can a trust earn income? Is it taxable?

Yes, a trust can earn income, but charitable trusts can apply for tax exemptions under sections 12A and 80G of the Income Tax Act, subject to compliance with conditions.

10. What happens if a trustee dies or resigns?

The trust deed should specify the procedure to appoint new trustees. In absence of such clause, a court can appoint a trustee.