Deed of Trust Donation

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Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Deed of Trust Donation

Deed of Trust Donation

{{company_name}} {{company_address}} Phone: {{phone}} Email: {{email}} Website: {{website}}

DEED OF TRUST DONATION

This Deed of Trust Donation (hereinafter referred to as “this Deed”) is made and entered into on this {{day}} day of {{month}}, {{year}}.

BETWEEN:

1. {{donor_name}} (Identity Number: {{donor_id_number}}) of {{donor_address}} (hereinafter referred to as the “Donor”);

AND

2. {{trustee_name}} (Identity Number: {{trustee_id_number}}) of {{trustee_address}} in their capacity as Trustee/s of THE {{trust_name}} TRUST (Master’s Reference Number: {{master_ref_number}}) (hereinafter referred to as the “Trustee”).

RECITALS

WHEREAS the Donor is desirous of donating certain assets to the Trust for the benefit of the Beneficiaries.

WHEREAS the Trustee has agreed to accept the donation of the assets and to administer the same in accordance with the terms and conditions of the Trust Deed dated {{trust_deed_date}}.

WHEREAS this Deed is intended to formally record the terms and conditions of the said donation.

DONATION

The Donor hereby irrevocably and unconditionally donates, grants, and transfers to the Trustee, the assets described in Schedule A hereto (hereinafter referred to as the “Donated Assets”).

The Donated Assets shall be held, managed, and administered by the Trustee in accordance with the provisions of the Trust Deed for the benefit of the beneficiaries of the Trust as defined in the Trust Deed.

The Donor acknowledges that upon the signing of this Deed, all rights, title, and interest in and to the Donated Assets shall pass to the Trustee, subject to the terms of the Trust Deed.

ACCEPTANCE OF DONATION

The Trustee hereby accepts the donation of the Donated Assets from the Donor, subject to the terms and conditions stipulated in this Deed and the Trust Deed.

The Trustee undertakes to administer the Donated Assets diligently and in the best interests of the beneficiaries of the Trust.

WARRANTIES BY DONOR

The Donor warrants that he/she is the lawful owner of the Donated Assets and has the full legal right and authority to donate the said assets to the Trust.

The Donor warrants that the Donated Assets are free from any encumbrances, liens, or claims whatsoever, save for those specifically disclosed in Schedule A.

INDEMNITY

The Donor hereby indemnifies and holds harmless the Trustee against any claims, demands, liabilities, costs, or expenses that may arise as a result of any breach of the warranties made by the Donor in this Deed, or any defect in the title to the Donated Assets existing at the time of donation.

GOVERNING LAW

This Deed shall be governed by and construed in accordance with the laws of South Africa.

WHOLE AGREEMENT

This Deed constitutes the entire agreement between the parties with regard to the subject matter hereof and supersedes all prior agreements, understandings, and negotiations, whether oral or written.

SCHEDULE A: DESCRIPTION OF DONATED ASSETS

Description of Asset: {{asset_description}}

Estimated Value: {{asset_value}}

Any Specific Conditions/Encumbrances: {{asset_conditions}}

Date of Transfer: {{transfer_date}}

SIGNATURES

THUS DONE AND SIGNED at {{place}} on this {{day}} day of {{month}}, {{year}}.

____________________________ DONOR: {{donor_name}} (Identity Number: {{donor_id_number}})

____________________________ TRUSTEE: {{trustee_name}} (Identity Number: {{trustee_id_number}})

____________________________ WITNESS 1: {{witness1_name}} (Identity Number: {{witness1_id_number}})

____________________________ WITNESS 2: {{witness2_name}} (Identity Number: {{witness2_id_number}})