All templatesTRUST DEED
THIS TRUST DEED is made on the ______ day of ____________ 20____ BETWEEN FRANCIS MUTISO KYALO ("the Settlor") AND Mary Mwende Kyalo and Stephen Musau Nzioka ("the Trustees").
1. Declaration of Trust
The Settlor transfers to the Trustees, and the Trustees will hold on trust, the following property ("the Trust Property"): Title No. Machakos/Mua Hills/2210 and KES 5,000,000 in fixed deposits.
2. Beneficiaries
The beneficiaries of this trust are the Settlor's grandchildren: Brian Kyalo (aged 12), Tabitha Kyalo (aged 9) and any grandchild born after this deed.
3. Purpose
The Trustees will apply the Trust Property and its income for the following purpose: Education and maintenance of the beneficiaries.
4. Revocability
This trust is irrevocable.
5. Trustees
The Trustees have the powers and duties of trustees under the Trustee Act (Cap. 167). A trustee may retire and a new trustee may be appointed as that Act provides.
6. Notices
A notice under this Deed is given in writing and delivered or posted to the party at its address:
Francis Mutiso Kyalo: P.O. Box 332-90100, Machakos
Succession & Probate
Trust Deed (Private/Family) template (Kenya)
What it is for
A sample Trust Deed (Private/Family) for use in Kenya, drafted under the Trustee Act Cap 167 and the Trustees (Perpetual Succession) Act Cap 164.
The Kenyan law it follows
- Trustee Act Cap 167 — the powers and duties of trustees, and the appointment and retirement of trustees
- Trustees (Perpetual Succession) Act Cap 164 — incorporation of trustees, where wanted
Who prepares it
This is normally drawn by an advocate, and where it is a court paper, filed by one. The sample shows what the finished document looks like.
Draft this for your matter
Advocates draft this on Lex from their own facts and download it in Word. If you need one prepared for you, find an advocate.
Sample trust deed (private/family)
The first part of the sample is shown here. The names, amounts and facts are made up to show how the document reads.
The rest of this trust deed (private/family) is for Lex members
Create a free account to read the whole sample, draft it for your matter and download it in Word.
This is a sample for general information. It is not legal advice and may not suit your situation. Laws change, and a document has to fit your own facts; have an advocate check it before you rely on it.