DEED OF TRUST
KNOW ALL MEN BY THESE PRESENTS:
This Deed of Trust is made and entered into this ___ day of [Month], 20___, at [Place], by and
among:
[NAME OF TRUSTOR], of legal age, Filipino, [civil status], and residing at [address],
hereinafter referred to as the TRUSTOR;
[NAME OF TRUSTEE], of legal age, Filipino, [civil status], and residing at [address],
hereinafter referred to as the TRUSTEE;
-and-
[NAME OF BENEFICIARY], of legal age, Filipino, [civil status], and residing at [address],
hereinafter referred to as the BENEFICIARY;
WITNESSETH:
1. CREATION OF TRUST
The TRUSTOR, by this instrument, conveys, transfers, and delivers to the TRUSTEE the
following property, in trust, for the use and benefit of the BENEFICIARY:
[Description of Property]
(e.g., A parcel of land located at [location], covered by TCT No. [TCT number],
or [personal property, such as cash, shares, etc.])
2. TRUST PURPOSE
The TRUSTEE shall hold the property in trust and administer, manage, and dispose of
the same solely for the benefit of the BENEFICIARY, in accordance with the terms of
this Deed of Trust.
3. TRUSTEE DUTIES AND POWERS
The TRUSTEE shall:
a. Preserve, manage, and administer the trust property with prudence;
b. Deliver to the BENEFICIARY any income, profits, or benefits derived from the trust
property, as provided herein;
c. Execute and sign documents necessary to carry out the trust;
d. Render a full accounting of trust property annually or as may be required by the
TRUSTOR or BENEFICIARY.
4. LIMITATIONS
The TRUSTEE shall not, unless authorized in writing by the TRUSTOR or the court,
sell, assign, mortgage, or encumber the trust property.
5. TERM OF TRUST
This trust shall be [revocable/irrevocable] and shall remain in force for a period of
[number] years from execution, unless earlier terminated by written agreement of the
parties or by operation of law.
6. TERMINATION
Upon termination, the TRUSTEE shall deliver the trust property, including any
remaining income or proceeds, to the BENEFICIARY or as otherwise directed by the
TRUSTOR or applicable law.
7. REPRESENTATIONS
The TRUSTOR warrants lawful ownership of the property and the authority to transfer it
into trust.
8. GOVERNING LAW
This Deed shall be governed by the laws of the Republic of the Philippines.
IN WITNESS WHEREOF, the parties have hereunto set their hands this ___ day of [Month],
20___, at [Place].
[NAME OF TRUSTOR]
Signature: _________________________
[NAME OF TRUSTEE]
Signature: _________________________
[NAME OF BENEFICIARY]
Signature: _________________________
SIGNED IN THE PRESENCE OF:
1.
2.
ACKNOWLEDGMENT
REPUBLIC OF THE PHILIPPINES}
[City or Province]
S.S.
BEFORE ME, a Notary Public in and for [City or Province], personally appeared:
[Name of Trustor] – ID: ____________, issued on ____________, at ____________
[Name of Trustee] – ID: ____________, issued on ____________, at ____________
[Name of Beneficiary] – ID: ____________, issued on ____________, at ____________
All known to me and known to be the same persons who executed the foregoing Deed of Trust
and acknowledged that they executed the same as their free and voluntary act and deed.
This instrument consists of ___ pages including this acknowledgment, duly signed by the parties
and their witnesses on each page.
WITNESS MY HAND AND SEAL, this ___ day of [Month], 20___ at [Place].
Notary Public
Doc. No. ___;
Page No. ___;
Book No. ;
Series of 20.
