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For A Trust

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Document Description

This deed is entered between a donor(property owner) & a donee(managing director of a trust) wherein some kind of property(movable or immovable) is gifted to the trust. It is a requisite document for gifting any property to any kind of trust. As per law, the title in a property cannot be delivered without a written instrument, if it relates to immovable even when its value is small. Therefore, such a deed is important to obtain and execute. In a gift deed, complete ownership of property is transferred,so it gives donee right to enjoy the property in any manner he wishes to. This deed specifies the value of gift and conditions if any applicable on gift. So, it helps in determining whether the gift will be taxed or not. Also, if the condition is not fulfilled, your gift can be revoked.


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