Family Trust Deed
Family Trust Deed
This Deed of Trust ("Trust Deed") is established on [Date], by [Your Name], hereinafter referred to as the "Settlor," to create a Family Trust ("Trust") for the benefit of the beneficiaries named herein and to be managed by the Trustees appointed under this Deed.
I. Definitions
In this Trust Deed, unless the context otherwise requires:
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"Beneficiaries" shall mean the individuals or entities entitled to receive benefits from the Trust as specified herein.
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"Trustees" shall mean the individuals or entities appointed to manage the Trust under the terms of this Deed.
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"Trust Fund" shall mean the assets, properties, and funds transferred into the Trust by the Settlor.
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"Income" shall mean all dividends, interest, rents, and other income derived from the Trust Fund.
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"Principal" shall mean the capital and assets of the Trust Fund.
II. Declaration of Trust
The Settlor hereby declares that they hold the Trust Fund upon trust for the beneficiaries under the terms and conditions outlined in this Trust Deed.
III. Trustees
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The initial Trustees of the Trust shall be [Names of Initial Trustees], who shall hold office until their resignation or removal.
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Additional Trustees may be appointed by the Settlor during their lifetime or by the remaining Trustees thereafter.
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The Trustees shall have the power to manage, invest, and distribute the Trust Fund under the provisions of this Deed and the applicable laws.
IV. Powers of Trustees
The Trustees shall have the following powers, among others:
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To invest the Trust Fund in such investments as they deem appropriate, including but not limited to stocks, bonds, real estate, and other securities.
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To make distributions of income and/or principal to the beneficiaries in such amounts and at such times as they deem advisable, taking into consideration the needs and circumstances of the beneficiaries.
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To retain, improve, lease, or sell any property forming part of the Trust Fund.
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To employ professionals, including but not limited to attorneys, accountants, and investment advisors, to assist in the administration of the Trust.
V. Beneficiaries
The beneficiaries of the Trust shall be [Names of Beneficiaries], who shall be entitled to receive distributions from the Trust Fund under the discretion of the Trustees.
VI. Distribution of Trust Fund
Upon the termination of the Trust, the Trustees shall distribute the Trust Fund to the beneficiaries in such proportions and manner as directed by the Settlor in a written instrument or, if no such direction is provided, in equal shares per stirpes.
VII. Miscellaneous Provisions
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This Trust Deed may be amended or revoked by the Settlor during their lifetime by a written instrument signed and dated by the Settlor.
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This Trust Deed shall be governed by and construed under the laws of [Jurisdiction].
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Any dispute arising out of or in connection with this Trust Deed shall be resolved through arbitration under the rules of [Arbitration Institution].
VIII. Execution
This Trust Deed shall be executed by the Settlor and the Trustees in the presence of witnesses, each of whom shall sign as evidence of their presence.
IN WITNESS WHEREOF, the parties have executed this Deed of Trust on the day and year first above written.
[Your Name]
[Date]
[Trustee Name]
[Date]
IX. Witnesses
This Deed of Exchange is witnessed and signed on the day and the year first above written.
[WITNESS 1 NAME]
[WITNESS 2 NAME]
