All Countries
Legal Services
Trust Settlement Agreement

Trust Settlement Agreement Template for India

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Trust Settlement Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Trust Settlement Agreement

"I need a Trust Settlement Agreement to establish a family trust by March 2025, transferring my real estate holdings and investment portfolio to benefit my three children, with specific provisions for education expenses and graduated distribution of capital at ages 25, 30, and 35."

Celebrated by
Collaborations with
Investors
Document background
The Trust Settlement Agreement is a fundamental document used to establish and govern trust arrangements within the Indian legal framework. This document becomes necessary when individuals or organizations wish to create a formal trust structure for various purposes, including family wealth management, charitable endeavors, or asset protection. The agreement must comply with the Indian Trusts Act 1882 and related legislation, including state-specific trust laws where applicable. It contains detailed provisions covering trust property transfer, trustee appointments, beneficiary rights, distribution mechanisms, and administrative procedures. The document is particularly crucial as it serves as the primary reference point for all trust operations and cannot typically be altered once executed, making careful drafting essential. Trust Settlement Agreements are commonly used in estate planning, charitable organizations, and business succession planning, requiring careful consideration of tax implications and regulatory requirements.
Suggested Sections

1. Parties: Identification of the settlor(s), trustee(s), and beneficiaries with their full legal names and addresses

2. Background: Context of trust creation, settlor's intentions, and purpose of the trust

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Trust Property: Detailed description of initial trust property and provisions for additional property

6. Trust Period: Duration of the trust and any specific conditions affecting its term

7. Trustee Powers and Duties: Comprehensive list of trustees' powers, responsibilities, and limitations

8. Beneficiary Rights: Rights, interests, and entitlements of beneficiaries under the trust

9. Distribution Provisions: Rules and procedures for distributing trust income and capital

10. Trust Administration: Administrative procedures, decision-making processes, and record-keeping requirements

11. Appointment and Removal of Trustees: Procedures for appointing new trustees and removing existing ones

12. Trustee Remuneration: Provisions for trustee compensation and expense reimbursement

13. Amendment Provisions: Procedures for modifying trust terms if permitted

14. Termination: Circumstances and procedures for trust termination and final distribution

15. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for dispute resolution

Optional Sections

1. Charitable Purposes: Required for charitable trusts, specifying charitable objectives and compliance with relevant laws

2. Investment Powers: Detailed investment guidelines and restrictions, particularly relevant for trusts with significant financial assets

3. Protector Provisions: Appointment and powers of trust protector, if required for additional oversight

4. Foreign Asset Provisions: Special provisions for trusts holding overseas assets or having international beneficiaries

5. Tax Planning Provisions: Specific clauses for tax efficiency, particularly relevant for large family trusts

6. Digital Assets: Provisions for handling digital assets and online accounts

7. Dispute Resolution: Detailed arbitration or mediation procedures for resolving conflicts

8. Environmental, Social and Governance (ESG) Guidelines: For trusts with specific investment or operational sustainability goals

Suggested Schedules

1. Schedule A - Trust Property: Detailed inventory of initial trust assets including descriptions, values, and documentation

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

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

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

5. Schedule E - Administrative Procedures: Detailed procedures for trust administration, meetings, and record-keeping

6. Schedule F - Investment Guidelines: Specific investment policies and restrictions

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

8. Appendix 2 - Conflict Resolution Procedures: Detailed procedures for handling disputes among trust parties

Authors

Alex Denne

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

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Trust
Trust Property
Initial Trust Property
Additional Trust Property
Trust Period
Trust Fund
Settlor
Trustees
Original Trustees
Successor Trustees
Beneficiaries
Primary Beneficiaries
Secondary Beneficiaries
Contingent Beneficiaries
Trust Protector
Trust Administrator
Trust Deed
Distribution Date
Income
Capital
Accumulation Period
Vesting Date
Perpetuity Period
Trust Powers
Trustee Powers
Trust Expenses
Management Expenses
Administrative Expenses
Trust Income
Trust Capital
Investment
Permitted Investments
Trust Documents
Governing Law
Applicable Laws
Financial Year
Accounting Period
Distribution Policy
Trust Committee
Execution Date
Effective Date
Force Majeure Events
Material Adverse Effect
Related Party
Authorized Representatives
Trust Register
Trust Records
Digital Assets
Intellectual Property
Clauses
Establishment of Trust
Declaration of Trust
Trust Property Transfer
Trustee Appointment
Trustee Powers
Trustee Duties
Trustee Remuneration
Trustee Indemnification
Beneficiary Rights
Distribution Rules
Income Distribution
Capital Distribution
Investment Powers
Administrative Powers
Trust Duration
Trust Termination
Succession Planning
Amendment Powers
Revocation Rights
Accounting and Reporting
Confidentiality
Dispute Resolution
Governing Law
Jurisdiction
Force Majeure
Severability
Notices
Compliance
Tax Provisions
Asset Protection
Perpetuity Rules
Trust Protector Powers
Delegation Powers
Record Keeping
Meeting Procedures
Decision Making
Liability Limitation
Property Management
Digital Assets
Environmental Compliance
Anti-Money Laundering
Charitable Purposes
Investment Restrictions
Foreign Asset Management
Conflict of Interest
Relevant Industries

Financial Services

Legal Services

Wealth Management

Private Banking

Charitable Organizations

Real Estate

Family Offices

Religious Institutions

Education

Healthcare

Philanthropy

Asset Management

Relevant Teams

Legal

Wealth Management

Trust Administration

Compliance

Tax Advisory

Risk Management

Estate Planning

Asset Management

Operations

Client Services

Financial Planning

Corporate Governance

Relevant Roles

Trust Officer

Estate Planning Attorney

Wealth Manager

Private Banker

Tax Consultant

Legal Counsel

Trust Administrator

Compliance Officer

Financial Advisor

Property Manager

Trust Accountant

Family Office Manager

Philanthropic Advisor

Risk Management Officer

Trust Operations Manager

Industries
Indian Trusts Act, 1882: Primary legislation governing private trusts in India, defining trust formation, roles and responsibilities of trustees, beneficiary rights, and trust administration rules
Registration Act, 1908: Governs the registration of trust deeds, particularly when they involve immovable property worth more than Rs. 100
Income Tax Act, 1961: Regulates taxation aspects of trusts, including tax treatment of trust income, distributions to beneficiaries, and specific provisions for charitable trusts
Transfer of Property Act, 1882: Relevant for trusts involving immovable property, governing the transfer and management of such property within the trust structure
Indian Contract Act, 1872: Applicable for understanding contractual capacity of parties, consideration, and general principles of contract formation relevant to trust settlements
Specific State Trust Acts: State-specific laws that may apply to religious or charitable trusts, varying by jurisdiction within India
The Prevention of Money Laundering Act, 2002: Relevant for due diligence and compliance requirements when settling large trusts or handling substantial financial assets
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

Find the exact document you need

Nonjudicial Settlement Agreement

A legally binding agreement under Indian law documenting the terms of a settlement reached between parties outside the court system.

find out more

Inter Vivos Trust Agreement

An Indian law-governed agreement establishing a living trust, transferring assets from settlor to trustees for specified beneficiaries' benefit.

find out more

Addendum To Trust

An Indian law-compliant document that modifies an existing trust deed through specific amendments or additions, governed by the Indian Trusts Act, 1882.

find out more

Addendum To Deed Of Trust

An Indian law-governed document that modifies an existing trust deed, incorporating changes while maintaining compliance with the Indian Trusts Act and related legislation.

find out more

Trustee Contract

An Indian law-governed agreement establishing trustee rights, duties, and responsibilities in managing trust assets and affairs under the Indian Trusts Act, 1882.

find out more

Trust Agreement For Shares

An Indian law-governed agreement establishing a trust for holding and managing shares, detailing trustees' powers and beneficiaries' rights under Indian trust and securities regulations.

find out more

Trust Agreement Document

A legal document governed by Indian law that establishes a trust relationship between settlor, trustees, and beneficiaries, outlining the management and distribution of trust assets.

find out more

Certification Of Trust Agreement

An Indian law-governed document that verifies trust existence and trustee authority while maintaining confidentiality of the full trust instrument.

find out more

Sub Trust Agreement

An Indian law-governed agreement establishing a subordinate trust structure within an existing main trust, defining its governance, management, and distribution framework.

find out more

Termination Of Trust Agreement

An Indian law-governed agreement that formally terminates a trust, releases trustees, and governs the final distribution of trust assets to beneficiaries.

find out more

Anti Trust Agreement

An Indian law-governed Anti-Trust Agreement establishing competition law compliance commitments between parties, aligned with the Competition Act, 2002.

find out more

Declaration Of Trust Property

An Indian legal document establishing a trust and detailing the transfer of properties from settlor to trustees for beneficiaries' benefit, governed by the Indian Trusts Act, 1882.

find out more

Lifetime Occupancy Agreement

An Indian law-governed agreement establishing lifetime occupancy rights in a property, detailing rights, obligations, and conditions between property owner and occupant.

find out more

Nominee Declaration Of Trust

An Indian law-governed document establishing a trust relationship where a nominee holds legal title while acknowledging another party's beneficial ownership of assets.

find out more

Declaration Of Bare Trust And Agency Agreement

An Indian law-governed agreement establishing a bare trust arrangement and agency relationship between trustee and beneficiary, defining property holding and management terms.

find out more

Addendum To Trust Deed

An Indian law-governed document that amends an existing trust deed, modifying specific provisions while maintaining the original trust structure's integrity.

find out more

Grantor Trust Agreement

An Indian law-governed trust agreement that establishes a trust where the grantor retains certain powers over the trust assets, structured under the Indian Trusts Act, 1882.

find out more

Agreement Between Trust And Company

An Indian law-governed agreement establishing the legal and operational relationship between a trust and a company, outlining mutual rights and obligations.

find out more

Service Trust Agreement

An Indian law-governed agreement establishing a trust structure with integrated service provision arrangements, combining trust management and service delivery obligations.

find out more

Joint Revocable Trust Agreement

An Indian law-governed trust agreement allowing two settlors to jointly create a revocable trust for estate planning and asset management purposes.

find out more

Co Trustee Agreement

An Indian law-governed agreement establishing the relationship and responsibilities between multiple trustees managing the same trust.

find out more

Trust Purchase Agreement

An Indian law-governed agreement for the transfer of property or assets to a trust structure, outlining purchase terms and ensuring regulatory compliance.

find out more

Deed Of Trust And Security Agreement

An Indian law-governed document establishing both a trust structure and security arrangements over trust assets, combining asset management with security interests.

find out more

Deed Of Trust Subordination Agreement

An Indian law-governed agreement that establishes the priority and subordination of competing trust interests over property or assets, ensuring legal compliance with Indian trust regulations.

find out more

Joint Trust Agreement

An Indian law-governed agreement establishing a jointly managed trust structure, defining asset management and beneficiary rights under the Indian Trusts Act.

find out more

Trust Merger Agreement

An Indian law-governed agreement facilitating the merger of two or more trusts, detailing asset transfer, beneficiary rights, and post-merger governance structure.

find out more

Reinsurance Trust Agreement

An Indian law-governed agreement establishing a trust arrangement between reinsurer, insurer, and trustee for securing reinsurance obligations.

find out more

Real Estate Trust Agreement

An Indian law-compliant agreement establishing and governing a trust for real estate assets, defining roles, rights, and obligations of all parties involved.

find out more

Debenture Trustee Agreement

An Indian law-governed agreement appointing and regulating the duties of a debenture trustee for protecting debenture holders' interests under SEBI regulations.

find out more

Simple Declaration Of Trust

An Indian law-governed document that establishes a trust relationship, transferring assets from a settlor to trustees for the benefit of specified beneficiaries.

find out more

Revocable Declaration Of Trust

An Indian law-governed trust deed establishing a revocable trust structure with provisions for asset management, beneficiary rights, and trust administration.

find out more

Nominee Trust Agreement

An Indian law-governed agreement establishing a nominee trust arrangement for asset holding and management, detailing parties' rights and obligations.

find out more

Indemnity Deed Of Trust

An Indian law-governed trust deed that establishes a trust structure while providing indemnification provisions for trustees in their role as fiduciaries.

find out more

Trust Operating Agreement

An Indian law-governed agreement establishing operational procedures and governance framework for trust management and administration.

find out more

Commission Trust Agreement

An Indian law-governed agreement establishing a trust structure with commission-based compensation arrangements, defining roles, responsibilities, and payment terms.

find out more

Beneficial Trust Agreement

An Indian law-governed agreement establishing a trust relationship for managing assets on behalf of beneficiaries, subject to the Indian Trusts Act, 1882.

find out more

Bank Trust Account Agreement

An Indian law-governed agreement between a bank and trustee establishing terms for managing and operating a trust account under Indian banking and trust regulations.

find out more

Private Trust Agreement

An Indian law-governed agreement establishing a private trust relationship between settlor, trustees, and beneficiaries for asset management and distribution.

find out more

Deed Of Trust Loan Agreement

An Indian law-governed agreement establishing a trust structure combined with loan arrangements, detailing trust management and loan terms while ensuring compliance with Indian trust and banking regulations.

find out more

Construction Deed Of Trust

A legal instrument under Indian law establishing a trust structure for managing construction projects, combining trust administration with construction project oversight.

find out more

Contractual Trust Agreement

An Indian law-governed agreement establishing a contractual trust arrangement for asset management and wealth preservation, combining elements of trust and contract law.

find out more

Investment Trust Contract

A legally binding document under Indian law that establishes an investment trust, defining its structure, management, and operational framework.

find out more

Blind Trust Agreement

An Indian law-governed agreement establishing a blind trust structure where assets are managed independently by trustees without settlor's knowledge of specific investments, primarily used to prevent conflicts of interest.

find out more

Vehicle Trust Agreement

An Indian law-governed agreement establishing a trust for vehicle management and administration, defining trustee duties and beneficiary rights.

find out more

Irrevocable Trust Agreement

An Indian law-governed agreement establishing a permanent, irrevocable trust structure for asset transfer and management, with defined trustee powers and beneficiary rights.

find out more

Living Trust Agreement

An Indian law-governed agreement establishing a living trust for asset management and succession planning, structured under the Indian Trusts Act, 1882.

find out more

Deed Of Trust Agreement

An Indian law-governed agreement establishing a trust relationship between settlor, trustees, and beneficiaries for asset management and distribution.

find out more

Revocable Trust Agreement

An Indian law-governed trust agreement that enables asset transfer while allowing the settlor to maintain control and the right to modify or revoke the arrangement during their lifetime.

find out more

Land Trust Agreement

An Indian law-governed agreement establishing a trust for land assets, defining property transfer, management rights, and beneficiary interests.

find out more

Irrevocable Agreement

A legally binding document under Indian law establishing permanent, non-retractable commitments between parties, governed by the Indian Contract Act and related statutes.

find out more

Deed Of Subordination

An Indian law-governed deed that establishes priority rankings between different creditors by subordinating certain debt claims to others.

find out more

Investment Trust Agreement

A legal document governed by Indian law that establishes and regulates an investment trust, defining relationships between parties and setting operational parameters.

find out more

Declaration Of Trust For Shares

An Indian law-governed document establishing a trust arrangement for holding and managing company shares for the benefit of specified beneficiaries.

find out more

Family Trust Agreement

An Indian law-governed agreement establishing a family trust, defining asset management and beneficiary rights under the Indian Trusts Act.

find out more

Trust Fund Agreement

An Indian law-governed agreement establishing a trust fund, detailing asset transfer, management rules, and beneficiary rights under the Indian Trusts Act, 1882.

find out more

Loan Receipt Agreement

An Indian law-governed agreement documenting loan receipt, terms, and conditions between lender and borrower, including repayment obligations and security arrangements.

find out more

Collateral Trust Agreement

An Indian law-governed agreement establishing a trust structure for managing collateral assets, appointing a trustee and securing obligations for multiple beneficiaries.

find out more

Trust Settlement Agreement

An Indian law-governed agreement establishing a trust arrangement, defining asset transfer, management terms, and beneficiary rights under the Indian Trusts Act 1882.

find out more

Trust Agreement For Property

An Indian law-governed agreement establishing a property trust, defining property transfer, management terms, and beneficiary rights under the Indian Trusts Act, 1882.

find out more

Security Trust Agreement

An Indian law-governed agreement establishing a trust arrangement for holding and managing security interests on behalf of multiple beneficiaries, typically used in syndicated lending and structured finance transactions.

find out more

Trust Contract

An Indian law-governed document establishing a trust relationship between settlors, trustees, and beneficiaries, defining property management and distribution terms under the Indian Trusts Act, 1882.

find out more

Assignment Deed Of Trust

An Indian law-governed deed that transfers trustee responsibilities and trust property from an existing trustee to a new trustee, ensuring compliance with the Indian Trusts Act, 1882.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.