This is a declaration made by an individual that they will hold and manage a property on the behalf of the beneficiary under a trust.
This declaration is usually necessary when an individual gifts a property to the beneficiary. This deed sets out the rights and obligations in connection to the property concerned, such as registration requirements, obligation not to create any interests against the property to any other parties other than the beneficiary.
This document should be used by the Trustee who will be managing the property concerned under the Trust.
This declaration must be delivered to the beneficiary as soon as possible after the Trustee has signed it.
This Declaration of Trust should be carefully read by both parties (the Trustee and the Beneficiary).
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