Property Trust Deed
Property Trust Deed
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Grantor: |
[Your Name] |
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Trustee: |
[Trustee's Name] |
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Beneficiaries: |
[Bneficiaries Name] |
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I. Recitals
Whereas, the Grantor is the legal owner of certain real property situated at [Your Address] (hereinafter referred to as the "Property");
And whereas, the Grantor desires to establish a trust for the benefit of the Beneficiaries as specified herein; And whereas, the Trustee has agreed to act as the trustee of the trust established by this Deed;
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II. Establishment of Trust
The Grantor hereby establishes a trust (the "Property Trust") about the Property described above.
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III. Trustee's Powers and Duties
The Trustee shall hold legal title to the Property in trust for the Beneficiaries and shall manage, administer, and dispose of the Property by the terms and conditions of this Deed.
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IV. Beneficiaries' Rights
The Beneficiaries shall have beneficial interests in the Property Trust by their respective entitlements as specified herein.
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V. Distribution of Trust Assets
The Trustee shall distribute the income, proceeds, and any other benefits derived from the Property Trust among the Beneficiaries in such proportions and at such times as the Trustee, in their sole discretion, deems appropriate.
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VI. Trust Administration
The Trustee shall keep accurate records of all transactions, investments, and distributions related to the Property Trust and shall provide periodic reports to the Beneficiaries upon request.
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VII. Amendment and Termination
This Property Trust Deed may be amended or terminated by the Grantor with the written consent of all Beneficiaries, provided that such amendment or termination does not contravene applicable laws.
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VIII. Governing Law
This Property Trust Deed shall be governed by and construed by the laws of [Jurisdiction].
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IX. Execution
Signed and delivered as a deed by the Grantor:
[YOUR NAME]
Date:
[TRUSTEE NAME]
Date:
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X. Witnesses and Acknowledgement
[WITNESS 1 NAME]
[WITNESS 2 NAME]
This Property Trust Deed is hereby acknowledged by the undersigned parties as their free and voluntary act and deed on the date first above written.
[NOTARY PUBLIC]
Date:
My commission expires:
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