Trust Deed For Charitable Objects

Trust Deed For Charitable Objects

what is trust deed

deed of trust or trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title remains with the borrower.

Trust Deed For Charitable Objects

TRUST DEED is created between persons referred to as "the author" of the one part

the trustees" which expression shall include the trustee or trustees for the time being) of the other part.

. The author being owner and being in complete possession of the immovable property having , more specifically stated in the Schedule I enclosed hereto and such other movable property as stated in the Schedule II enclosed hereto which being his self acquired property and he has full disposing power on it under Hindu law;. The author intends to gift said properties valuing  for such donation purposes as stated 

The trustees have consented to become owner of said properties/assets for effecting he wishes of the author

THE  DEED WITNESSES IS ALSO MENTIONED IN THE DRAFT 

and signed by the trustee founder or witnesses 


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