Contents of Trust deed to ensure reasonable certainty.
CS Professional · Drafting, Pleadings and Appearances · PYQS · December 2023
Contents of Trust deed to ensure reasonable certainty.
Answer & Explanation:
Answer 4(b) The deed creating a trust should contain in reasonable certainty, among others, the following: (a) an intention to create a trust; (b) the purpose of the trust; (c) the beneficiaries; (d) names of the trustee/s; (e) trust property; (f) unless the author is himself a trustee transfer of the legal ownership of the property to the trustee; and (g) duties, rights and liability of the settler, trustee and the beneficiary. The deed can also provide for re-imbursement of expenses incurred by the trustee(s) in connection with the discharge of his/their duties as a trustee(s) and also all expenses properly incurred in or about the execution of the trust for the realisation, preservation or benefit of the trust property or the protection or the support of the beneficiary.
Topics: Drafting of Deeds and Documents
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