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Deed of Family Trust

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Updated atMarch 2010

Deed of Family Trust

This Deed of Trust made at.......................... this.......................... day of................ between (1)......................... (2)............................... (3)....................... (4).................... (5)................................ (6).................... (7)..................... all of..................... hereinafter referred to as the SETTLORS of the One Part and (I)................ (2)................... (3)..................... hereinafter referred to as the Trustees of the other part.

WHEREAS

(1) The settlors are the erstwhile members of a Joint family consisting of..............,.............. &............. as brothers and the remaining............. to............. as their respective sons and grandsons, all being majors and they are the only members of the family apart from their respective wives.

(2) The said Joint Family owns an ancestral House together with the land appartemant in village/town of................. in Dist............ in State of.........................

(3)................,............... &............... and their respective sons and grandsons are living separate at different Towns/Cities and earning in their own way independently and have their respective properties

(4) The said Family House is the only common property belonging to the said family

(5) The said house cannot be physically divided and partitioned and the parties also do not propose to do so nor do the settlors desire to sell the same but desire to keep and preserve it as a common unit and as a memorial of the ancestors and also to avoid any dispute regarding the same among the members of the said family.

(6) The said family has a family Deity of Goddess............... and the family has installed the same in one of the rooms of the said house.

(7) The Settlors have therefore proposed to dedicate the said house and premises to the said Deity and to continue to worship the same and with these objects they have decided to create a private Trust of the said property.

(8) The Settlors have also collected a Fund of Rs............... as the initial fund or Corpus to meet the expenses of maintaining the said house and to worship the said idol.

(9) It is proposed that...........,...........,..........., will act as the first Trustees of the Trust and the settlors have proposed to transfer the said property to...........,........... &........... as Trustees to hold the property for the benefit of the...

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