Creating terms and conditions for a trust involves outlining the legal and operational details that govern the trust relationship. Keep in mind that the specific content may vary based on the type of trust, jurisdiction, and other factors. Below is a general template for trust-related terms and conditions. It’s important to consult with a legal professional to tailor these terms to your specific situation.
sri saivasudha trust

1. Introduction

1.1 Parties: This agreement (“Agreement”) is entered into on [Date], by and between the Settlor sri saivasudha trust, referred to as the “Settlor,” and the Trustee sri saivasudha trust, referred to as the “Trustee.”

1.2 Purpose: The Settlor establishes this trust for the benefit of the Beneficiary sri saivasudha trust, referred to as the “Beneficiary,” and to manage and distribute assets in accordance with the terms herein.

2. Trust Property

2.1 Initial Funding: The Settlor hereby transfers the following assets into the trust: [List of assets].

2.2 Additional Contributions: The Settlor reserves the right to make additional contributions to the trust at their discretion.

3. Trustee’s Duties and Powers

3.1 Management: The Trustee shall manage, invest, and reinvest the trust property with the standard of care, skill, prudence, and diligence required by law.

3.2 Distributions: The Trustee has the authority to distribute income and principal to the Beneficiary according to the terms specified herein.

4. Duration and Termination

4.1 Duration: This trust shall continue until [Event triggering termination].

4.2 Termination: Upon the occurrence of the termination event, the trust property shall be distributed to the Beneficiary in accordance with the terms herein.

5. Governing Law

5.1 Jurisdiction: This Agreement shall be governed by the laws of [Jurisdiction], and any disputes arising hereunder shall be resolved in the courts of [Jurisdiction].

6. Amendments and Revocation

6.1 Amendments: This Agreement may be amended by a written instrument executed by the Settlor and the Trustee.

6.2 Revocation: The Settlor reserves the right to revoke this trust, in whole or in part, by providing written notice to the Trustee.

7. Miscellaneous

7.1 Entire Agreement:  This Agreement constitutes the entire understanding between the parties and supersedes any prior agreements or understandings.

7.2 Successors and Assigns: This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns.

IN WITNESS WHEREOF, the Settlor has executed this Agreement as of the date first above written.