Kaagazaat

Private Family Trust Deed

At a glance

Price: Free, always.
Stamp duty: The stamp duty on a trust deed in Punjab and Chandigarh was not confirmed; it may depend on what is put into the Trust.
Registration: Whether this Deed must be registered was not confirmed.
Witnesses: Two witnesses sign, besides the Settlor and the Trustees.

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Free, always.

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Also called

family trust deed
private trust deed
deed of trust
trust deed for family
family trust
private family trust
discretionary trust deed
settlement in trust

When you need it

Use this Deed when one person (the Settlor) wants to set up a private trust for the family: the Settlor puts property in the hands of Trustees, who hold and manage it for the Beneficiaries named in the Deed. It records the Settlor, at least two Trustees, the Beneficiaries and how they share, the first property put in, the Trustees' powers, whether the Settlor can take the Trust back, and how and when the Trust ends.

A trust is more than a gift. The property is held by the Trustees for the Beneficiaries over time, under rules written down, which suits keeping property together for children, a family member who cannot manage it alone, or later generations. The Deed states no tax position and no stamp duty figure. If land or a building goes into the Trust, ask the Sub-Registrar before you sign whether it must be registered. Speak to a lawyer or chartered accountant before you choose whether the Trust is revocable. Not for a gift to a charity: use the Gift Deed to a Charitable Trust. Not for a trust created by a Will: use the Will Appointing an Executor. Not for a business trust, a public or religious trust, or a simple gift to one person: use the matching gift deed.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

The stamp duty on a trust deed in Punjab and Chandigarh was not confirmed; it may depend on what is put into the Trust. Ask a licensed stamp vendor or the Sub-Registrar before you sign, and use stamp paper in the Settlor's name if you are told to.

Registration

Whether this Deed must be registered was not confirmed. If land or a building goes into the Trust, ask the Sub-Registrar before you sign (clause 9.1 says the parties will do so). A Trust holding only money or movables is not stated to need registration.

Notarisation

Not required by this form. Notarisation does not replace stamping or registration if either applies.

Witnesses

Two witnesses sign, besides the Settlor and the Trustees. No witness is a party to the Deed.

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Sample preview — placeholder answers, not your data

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PRIVATE FAMILY TRUST DEED

(A deed by which a Settlor puts property in the hands of Trustees to hold for the Beneficiaries named in it)

THIS DEED OF TRUST is made at Chandigarh on 2 April 2026.

BETWEEN

Gurpreet Singh, son of Harbans Singh, residing at X, PAN ABCPS1234K

(the "Settlor", which expression includes the Settlor's heirs and legal representatives, of the ONE PART)

AND

Aarav Singh, residing at X, and Meera Singh, residing at X, and the further Trustees named here: Naina Singh, Sector 35, Chandigarh

(together the "Trustees", which expression includes the Trustees for the time being of this Trust, of the OTHER PART)

RECITALS

A. The Settlor wishes to create a private trust named Singh Family Trust (the "Trust") for the persons named in Schedule 1 (the "Beneficiaries").

B. The Settlor owns the property described in Schedule 2, free of any charge or claim, and wishes to hand it to the Trustees to hold on the terms of this Deed.

C. The Trustees have agreed to act as trustees on these terms.

OPERATIVE PART

1. Creation of the Trust

1.1 The Settlor declares and creates the Trust, and hands the property described in Schedule 2 to the Trustees, who accept it, to hold on trust for the Beneficiaries on the terms of this Deed.

1.2 This is a private family trust. It is not a charity and it is not for the public.

2. The Trust Property

2.1 The first property put into the Trust is described in Schedule 2. Its kind is money and its stated value is ₹8,00,000 (Rupees Eight Lakh only).

2.2 The Settlor or any other person may add more property to the Trust with the Trustees' agreement, by a written note signed by the Trustees and kept with this Deed. All property held by the Trustees under this Deed from time to time, with its income, is the "Trust Property".

2.3 The Trustees will keep the Trust Property separate from their own property.

3. Purpose and benefit

3.1 The Trustees shall hold the Trust Property: for the maintenance, education, health and welfare of the Beneficiaries.

3.2 The Beneficiaries share the benefit of the Trust Property equally among all the Beneficiaries.

4. Powers of the Trustees

4.1 The Trustees may invest, sell and otherwise deal with the Trust Property, acting together and in good faith for the Beneficiaries.

4.2 The Trustees may open and run a bank account and apply for a PAN in the name of the Trust, and may pay the lawful costs and expenses of the Trust from the Trust Property.

4.3 Decisions of the Trustees: all the Trustees must agree.

4.4 Payment of the Trustees: the Trustees receive no pay, only their reasonable expenses.

5. Duties of the Trustees

5.1 The Trustees shall act honestly and in good faith for the Beneficiaries, shall not use the Trust Property for their own benefit except as this Deed allows, and shall keep proper accounts of the Trust Property.

Questions about this document

Does the Private Family Trust Deed need stamp paper or stamp duty in Punjab and Chandigarh?

The stamp duty on a trust deed in Punjab and Chandigarh was not confirmed; it may depend on what is put into the Trust.

See the full position on stamp duty, registration and witnesses

Does the Private Family Trust Deed need registration in Punjab and Chandigarh?

Whether this Deed must be registered was not confirmed.

See the full position on stamp duty, registration and witnesses

What does the Private Family Trust Deed cost on Kaagazaat?

Free, always.

Does the Private Family Trust Deed need witnesses?

Two witnesses sign, besides the Settlor and the Trustees.

See the full position on stamp duty, registration and witnesses

Often needed with this document

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