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Addendum To Trust Deed

Addendum To Trust Deed Template for Pakistan

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Addendum To Trust Deed

"I need an Addendum to Trust Deed to add two new beneficiaries to our family trust and modify the asset distribution percentages among all beneficiaries, with the changes to take effect from March 1, 2025."

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Document background
An Addendum To Trust Deed is essential when modifications to an existing trust arrangement are required in Pakistan. This document is commonly used when circumstances necessitate changes to trustee appointments, beneficiary provisions, trust powers, or asset distributions. It must be drafted in compliance with the Trust Act 1882 and related Pakistani legislation, ensuring proper registration and stamping. The addendum typically includes detailed references to the original trust deed, specific modifications being made, and confirmations of unchanged provisions. It's particularly crucial in situations involving family trusts, charitable trusts, or corporate trust arrangements where flexibility is needed while maintaining the trust's core purpose and legal validity.
Suggested Sections

1. Parties: Identifies all parties to the addendum, including the trustees, settlor (if alive), and any new parties being added

2. Background: References the original trust deed, its date of execution, registration details, and the reason for this addendum

3. Definitions: Defines key terms used in the addendum and incorporates definitions from the original trust deed

4. Effective Date: Specifies when the modifications will take effect

5. Amendments: Details the specific modifications being made to the original trust deed, clearly referencing the relevant clauses being amended

6. Confirmation: Confirms that all other provisions of the original trust deed remain unchanged and in full force

7. Governing Law: Reaffirms Pakistani law as the governing law and relevant jurisdiction

8. Execution: Formal execution block for all required parties to sign

Optional Sections

1. Additional Trustees: Required when the addendum involves appointment or removal of trustees

2. Modified Trust Powers: Include when modifying the powers granted to trustees

3. Beneficiary Changes: Required when modifying beneficiary rights or adding/removing beneficiaries

4. Asset Schedule Updates: Include when the addendum involves changes to trust assets

5. Tax Declarations: Required when modifications have specific tax implications that need to be addressed

6. Shariah Compliance: Include for trusts that need to maintain or establish Shariah compliance

Suggested Schedules

1. Schedule of Amendments: Detailed list of all modifications being made to the original trust deed, with original and new clause wordings

2. Updated Asset Schedule: Current list of trust assets if any changes to trust property are being made

3. Consent Documents: Copies of consent forms from relevant parties (e.g., existing beneficiaries) if required for the modifications

4. Registration Particulars: Details required for registration of the addendum under the Registration Act 1908

5. Legal Opinions: Any supporting legal opinions or Shariah compliance certificates if relevant to the modifications

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























Clauses

























Relevant Industries

Financial Services

Private Banking

Wealth Management

Real Estate

Islamic Finance

Charitable Organizations

Education

Healthcare

Family Business

Corporate Trusts

Relevant Teams

Legal

Compliance

Wealth Management

Trust Administration

Corporate Secretarial

Risk Management

Islamic Banking

Tax Advisory

Estate Planning

Client Relations

Relevant Roles

Trust Officer

Legal Counsel

Private Wealth Manager

Estate Planning Attorney

Compliance Officer

Tax Consultant

Trust Administrator

Company Secretary

Shariah Advisor

Financial Controller

Risk Manager

Trust Account Manager

Industries





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