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    Transfer by Trustees To Beneficiary: Form No. 4

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    Sudeep Sharma
    The trustees are transferring property to the beneficiary according to the terms of a deed of trust. The deed of trust established that the trustees would hold the property in trust, paying the income to A for life and then to B for life, and then upon their deaths would transfer the property to the beneficiary. Both A and B have now died, so the trustees are transferring the property to the beneficiary as stipulated in the deed of trust. The transfer document conveys the property to the beneficiary subject to any rates, taxes or duties owed, and the trustees covenant that they have done nothing to prevent the legal transfer of the property.

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    Transfer by Trustees To Beneficiary: Form No. 4

    Uploaded by

    Sudeep Sharma
    126 views1 page
    The trustees are transferring property to the beneficiary according to the terms of a deed of trust. The deed of trust established that the trustees would hold the property in trust, paying the income to A for life and then to B for life, and then upon their deaths would transfer the property to the beneficiary. Both A and B have now died, so the trustees are transferring the property to the beneficiary as stipulated in the deed of trust. The transfer document conveys the property to the beneficiary subject to any rates, taxes or duties owed, and the trustees covenant that they have done nothing to prevent the legal transfer of the property.

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    agreement

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    The trustees are transferring property to the beneficiary according to the terms of a deed of trust. The deed of trust established that the trustees would hold the property in trust, paying the income to A for life and then to B for life, and then upon their deaths would transfer the property to the beneficiary. Both A and B have now died, so the trustees are transferring the property to the beneficiary as stipulated in the deed of trust. The transfer document conveys the property to the beneficiary subject to any rates, taxes or duties owed, and the trustees covenant that they have done nothing to prevent the legal transfer of the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    126 views1 page

    Transfer by Trustees To Beneficiary: Form No. 4

    Uploaded by

    Sudeep Sharma
    The trustees are transferring property to the beneficiary according to the terms of a deed of trust. The deed of trust established that the trustees would hold the property in trust, paying the income to A for life and then to B for life, and then upon their deaths would transfer the property to the beneficiary. Both A and B have now died, so the trustees are transferring the property to the beneficiary as stipulated in the deed of trust. The transfer document conveys the property to the beneficiary subject to any rates, taxes or duties owed, and the trustees covenant that they have done nothing to prevent the legal transfer of the property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    1096

    Form No. 4
    Transfer by Trustees to Benefciary
    DEED OF TRANSFER is made at ... this ... day of ... between (1) ...
    (2) ... . . and (3) ... (being the Trustees of a Deed of Trust hereinafter re-
    cited) hereinafter referred to as the Transferors of the One Part and Mr.
    ... hereinafter referred to as the Transferee of the other Part.
    WHEREAS
    1. By a Deed of Trust dated the ... day of ... made by and between Mr.
    ... therein called the Settlor of the One Part and the Transferors herein,
    and therein referred to as the Trustees of the Other Part, the said Settlor
    granted and transferred unto the Transferors the said land and premises
    described in the Schedule thereunder written being the same as described
    in the Schedule hereunder written TO HOLD THE SAME unto the Transfer-
    ors as Trustees upon the trusts namely to pay the net income of the said
    trust property to A for her lifetime and on her death to B for his life time
    and on his death or if B died before A then on the death of A to transfer
    the said trust property to the Transferee absolutely.
    2. Both the said A & B have died and the Transferee has requested
    the Transferors to transfer the said property to him which the Transferors
    have agreed to do.
    NOW THIS DEED WITNESSETH that in pursuance of the premises
    they the Transferors do and each of them doth hereby transfer unto the
    Transferee the said land and premises described in the Schedule here-
    under written TO HAVE AND TO HOLD the same unto and to the use of
    the Transferee absolutely but subject to the rates, taxes, dues and duties
    now payable and hereafter to become payable in respect of the said land
    and premises to the Municipal Corporation or any other local authority
    or the Govt.
    AND the Transferors do hereby covenant with the Transferees that they
    the Transferors have not done any act, deed or thing whereby they are
    prevented from transferring the said land and premises to the Transferee
    in the manner aforesaid.
    IN WITNESS WHEREOF the Transferees have put their hands the day
    and year first hereinabove written.
    THE SCHEDULE ABOVE REFERRED TO
    x x x
    Signed and delivered by the )
    withinnamed Transferors )
    (1) ... (2) ... and (3) ... )
    in the presence of ... ... )
    ______________________
    Note : For Stamp Duty & Registration see Preliminary Notes.
    Stamp Duty, eStamping & Registration : See the Indian Stamp Act, 1899 (2 of
    1899), Rates of Stamp Duty in various States, eStamping and Compulsorily & Option-
    ally Registrable Documents under the Registration Act, 1908 (16 of 1908), with offcial
    websites, in respective later Part/Chapters on Stamp Duty, eStamping & Registration of
    Deeds & Documents.

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