Free Bare Trust Deed Format Template
Bare Trust Deed
This Bare Trust Deed ("Deed") is made and entered into by and between the Trustee, [YOUR NAME], with a principal address of [YOUR COMPANY ADDRESS], and the Beneficiary, [BENEFICIARY'S NAME], residing at [BENEFICIARY'S ADDRESS]. This Deed outlines the responsibilities and obligations of the Trustee, along with the rights of the Beneficiary about the assets held in the trust.
I. Definition of Parties
A. Trustee:
[YOUR NAME], whose principal activities are conducted at [YOUR COMPANY ADDRESS].
B. Beneficiary:
[BENEFICIARY'S NAME], with a residence at [BENEFICIARY'S ADDRESS].
II. Declaration of Trust
The Trustee hereby declares that they hold the following assets in trust, on behalf of the Beneficiary, as per the terms detailed in this Deed:
|
Type of Asset |
Description |
Value |
|---|---|---|
|
Property |
[DESCRIPTION OF PROPERTY] |
[VALUE OF PROPERTY] |
|
Investment |
[DESCRIPTION OF INVESTMENT] |
[VALUE OF INVESTMENT] |
III. Trustee's Powers and Duties
A. General Powers
-
To take possession and control of the trust assets.
-
To collect rents, dividends, and profits associated with the trust assets
B. Specific Obligations
-
To maintain accurate records of all transactions related to the trust assets.
-
To make distributions to the Beneficiary as specified within the terms of this Deed or required by law.
IV. Beneficiary's Rights
-
Right to an annual account statement detailing the trust assets, income, and expenditures.
-
Right to request additional information from the Trustee regarding the trust management.
V. Term and Termination
The trust established by this Deed shall commence on the date of execution and continue in effect until terminated by mutual agreement between the Trustee and the Beneficiary, or under conditions prescribed by law.
VI. Signatures
The undersigned parties acknowledge their acceptance of the terms of this Deed by affixing their signatures hereto.
Trustee:
[YOUR NAME]
[DATE SIGNED]
Beneficiary:
[BENEFICIARY'S NAME]
[DATE SIGNED]
VII. Notarization
On this [DATE], before me, a Notary Public in and for said county and state, personally appeared [YOUR NAME] and [BENEFICIARY'S NAME], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
Notary Public: [NOTARY PUBLIC'S NAME]
Commission Number: [NOTARY COMMISSION NUMBER]
Expiration Date: [NOTARY EXPIRATION DATE]
