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Revocable Deed Of Trust

Revocable Deed Of Trust Template for India

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Key Requirements PROMPT example:

Revocable Deed Of Trust

"I need a Revocable Deed of Trust to manage my family business assets in Mumbai, with provisions for my three adult children as beneficiaries and my eldest child as the primary trustee, while retaining my right to modify the trust during my lifetime."

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Document background
The Revocable Deed of Trust is a vital estate planning tool in India, commonly used by individuals and families to manage and protect assets while maintaining flexibility and control. This document is particularly relevant when the settlor wishes to retain the ability to modify or terminate the trust arrangement during their lifetime. It must comply with the Indian Trusts Act, 1882, and related legislation, including registration requirements and stamp duty obligations. The deed typically includes comprehensive provisions for trust administration, asset management, beneficiary distributions, and trustee powers. It's especially useful for high-net-worth individuals, family businesses, and those seeking to establish structured asset management while retaining control over their wealth. The revocable nature allows for adaptability to changing circumstances, making it a preferred choice for estate planning in India.
Suggested Sections

1. Parties: Identifies the Settlor(s), Trustee(s), and Beneficiaries with their full legal names and addresses

2. Background: Explains the context and purpose for creating the trust, including the settlor's intentions

3. Definitions: Defines key terms used throughout the deed for clarity and legal certainty

4. Declaration of Trust: Formal creation of the trust and transfer of assets from settlor to trustees

5. Trust Objects and Purposes: Clearly states the objectives and purposes for which the trust is created

6. Powers and Duties of Trustees: Comprehensive list of trustees' powers and responsibilities in managing trust assets

7. Rights of Beneficiaries: Specifies the rights, interests, and entitlements of the beneficiaries

8. Revocation Clause: Details the settlor's right to revoke the trust and the process for doing so

9. Trust Administration: Procedures for trust management, meetings, decision-making, and record-keeping

10. Succession of Trustees: Process for appointment, retirement, and replacement of trustees

11. Governing Law and Jurisdiction: Specifies that Indian law governs the trust and establishes jurisdiction

Optional Sections

1. Investment Powers: Detailed investment guidelines and restrictions - include when trust involves significant financial assets

2. Corporate Trustee Provisions: Special provisions for corporate trustees - include when using professional trust companies

3. Minor Beneficiaries: Special provisions for managing benefits for minors - include when beneficiaries include minors

4. Dispute Resolution: Mediation and arbitration procedures - include for large trusts or complex family situations

5. Foreign Assets: Provisions for handling overseas assets - include when trust includes foreign properties or investments

6. Charitable Purposes: Specific provisions for charitable activities - include when trust has charitable components

7. Professional Advice: Authorization and guidelines for seeking professional advice - include for large or complex trusts

Suggested Schedules

1. Schedule A - Trust Property: Detailed inventory of all assets transferred to the trust initially

2. Schedule B - Beneficiary Details: Complete list of beneficiaries with their shares, rights, and conditions

3. Schedule C - Distribution Rules: Specific rules and formulas for distributing trust income and capital

4. Schedule D - Trustee Powers: Comprehensive list of specific powers granted to trustees

5. Schedule E - Trustee Compensation: Details of trustee remuneration and expense reimbursement

6. Appendix 1 - Deed of Adherence: Template for adding new trustees or beneficiaries

7. Appendix 2 - Revocation Notice: Template for formal revocation of the trust

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions








































Clauses








































Relevant Industries

Legal Services

Financial Services

Wealth Management

Real Estate

Family Business

Private Banking

Estate Planning

Trust Services

Corporate Services

Non-Profit

Education (for educational trusts)

Healthcare (for medical trusts)

Relevant Teams

Legal

Wealth Management

Trust Administration

Estate Planning

Private Banking

Compliance

Tax Advisory

Corporate Secretarial

Risk Management

Client Services

Relevant Roles

Estate Planning Attorney

Trust Lawyer

Wealth Manager

Financial Advisor

Trust Administrator

Legal Counsel

Company Secretary

Tax Consultant

Private Banker

Property Manager

Family Office Manager

Succession Planning Advisor

Trust Officer

Compliance Officer

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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