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Details
- REVOCATION OF TRUST DEED
Description
Revocation of Trust Deed
This is a "Readymade Format for Revocation of Trust Deed ".
Legally required caluses are already in agreement Format in addition to, if is required, then you can add or remove the conditions.
A Revocation of Trust Deed is a legal document that is used to cancel or terminate a previously executed trust deed. A trust deed is a legal document that establishes a trust and sets out the terms and conditions of the trust, including the purpose of the trust, the trustees and beneficiaries, the assets that are being placed in trust, and the duties and responsibilities of the trustees.
A Revocation of Trust Deed is executed by the grantor (the person who establishes the trust) and it typically states that the grantor is revoking the trust and all its terms and conditions. It also mentions the reason for revocation and the date on which the trust is considered to be revoked.
There can be several reasons for revocation of trust deed such as:
- The purpose of the trust has been fulfilled
- The grantor no longer wishes to continue the trust
- The grantor wants to make changes to the trust
- The grantor wants to appoint a new trustee.
It's important to note that the revocation of trust deed is only effective when it is properly executed and registered with the appropriate government agency. Once the trust is revoked, the assets in the trust will be returned to the grantor and the trust will be dissolved.
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