Trust Deed

A retired teacher in Belapur wants to set aside a sum of money and a small plot so that a library for children can run for years after she is gone. She does not want to give the plot to one person and hope for the best. She wants people to hold the property on her behalf, use it only for the library, and answer for it. The trust deed is how she does that. What must it say, and what must the drafter ask her before writing a line?

In two minutes

A trust deed is the written instrument by which an owner (the settlor or author) places property in the hands of trustees to be held and used for the benefit of named beneficiaries or for stated public or charitable objects; the drafter's task is to fix the parties, the property, the objects, the trustees' powers and duties, and the way the trust is administered and wound up.

The rest of this chapter

The full explanation, the cheat sheet, every previous-year question at every mark weight, the quiz and the answer skeletons are part of Drafting, Pleading and Conveyancing – II on LexBlox Semester. Sign in to unlock the subject, or read Module 1 of Legal Language and Writing free.