¶¶Òõ¶ÌÊÓƵ

All Countries
Legal Services
Living Trust Agreement

Living Trust Agreement Template for Pakistan

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Living Trust Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Living Trust Agreement

"I need a Living Trust Agreement under Pakistani law to manage my tech company shares and real estate holdings, with full Shariah compliance and specific provisions for quarterly profit distributions to family members starting March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Living Trust Agreement is a sophisticated estate planning tool used in Pakistan to create a flexible structure for asset management and wealth transfer. It enables individuals to establish a trust during their lifetime, maintaining control over their assets while setting up a framework for future management and distribution. This document is particularly valuable for high-net-worth individuals seeking to ensure smooth succession planning, asset protection, and efficient wealth management. Governed by Pakistani law, particularly the Trust Act 1882 and related legislation, the agreement must carefully balance civil law requirements with Islamic law principles where applicable. It typically includes comprehensive provisions for trust administration, asset management, beneficiary distributions, and trustee succession, making it essential for individuals looking to establish a structured approach to their estate planning while maintaining lifetime control over their assets.
Suggested Sections

1. Parties: Identifies and provides full details of the Settlor, Trustee(s), and named Beneficiaries

2. Background: Sets out the context and purpose of creating the trust, including the Settlor's intentions

3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty

4. Trust Creation and Purpose: Formally establishes the trust, declares the trust name, and states its primary purposes

5. Trust Property: Describes the initial trust property and provisions for adding future property

6. Powers and Duties of Trustees: Comprehensive listing of trustees' powers and responsibilities in managing the trust

7. Rights Reserved by Settlor: Specifies what powers and rights the Settlor retains during their lifetime

8. Distribution Provisions: Details how and when trust assets are to be distributed to beneficiaries

9. Trust Administration: Covers operational aspects including meetings, decision-making, and record-keeping

10. Successor Trustees: Provisions for appointment and succession of trustees

11. Amendment and Revocation: Procedures for modifying or revoking the trust

12. Governing Law and Jurisdiction: Specifies Pakistani law as governing law and relevant jurisdiction

13. Execution and Attestation: Formal execution requirements and witness provisions

Optional Sections

1. Shariah Compliance: Specific provisions ensuring compliance with Islamic law principles, required for Muslim settlors

2. Charitable Purposes: Additional provisions if the trust includes charitable elements or beneficiaries

3. Special Needs Provisions: Specific provisions for beneficiaries with special needs or disabilities

4. Business Interest Management: Specific provisions for managing business interests held in trust

5. Foreign Assets: Additional provisions for handling assets located outside Pakistan

6. Dispute Resolution: Alternative dispute resolution procedures, including arbitration provisions

7. Digital Assets: Provisions for handling digital assets and online accounts

8. Guardian Provisions: Provisions for appointing guardians for minor beneficiaries

Suggested Schedules

1. Schedule A - Initial Trust Property: Detailed inventory of all assets initially transferred to the trust

2. Schedule B - Beneficiary Information: Detailed information about beneficiaries including contact details and distribution shares

3. Schedule C - Trustee Powers: Comprehensive list of specific powers granted to trustees

4. Schedule D - Distribution Schedule: Specific instructions for timing and amounts of distributions

5. Schedule E - Successor Trustees: List of successor trustees and order of succession

6. Appendix 1 - Trust Administration Guidelines: Detailed procedures for trust administration and management

7. Appendix 2 - Investment Guidelines: Investment policies and guidelines for trustees

8. Appendix 3 - Required Forms: Standard forms for trust administration including distribution requests and accountings

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

Banking

Financial Services

Legal Services

Real Estate

Wealth Management

Insurance

Islamic Finance

Private Banking

Estate Planning

Asset Management

Relevant Teams

Legal

Wealth Management

Estate Planning

Trust Administration

Compliance

Private Banking

Islamic Banking

Risk Management

Asset Management

Client Services

Relevant Roles

Estate Planning Attorney

Trust Officer

Wealth Manager

Financial Advisor

Private Banker

Legal Counsel

Compliance Officer

Tax Consultant

Islamic Finance Advisor

Property Manager

Trust Administrator

Risk Management Officer

Investment Manager

Succession Planning Specialist

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Subordination Deed Of Trust

A Pakistani law-governed document that establishes creditor priority rankings through a trust structure, subordinating junior creditors' rights to senior creditors.

find out more

Bare Trust And Agency Agreement

A Pakistani law-governed agreement establishing a bare trust arrangement with agency powers, defining trustee obligations and agent authority under the Trust Act 1882.

find out more

Personal Property Trust Agreement

A Pakistani law-governed agreement establishing a trust for personal property management and distribution under the Trust Act 1882.

find out more

Debenture Trustee Agreement

A Pakistani law-governed agreement appointing and empowering a trustee to protect debenture holders' interests and manage the security for a debenture issuance.

find out more

Simple Trust Agreement

A Pakistani law-governed agreement establishing a trust relationship, defining asset transfer, management responsibilities, and beneficiary rights.

find out more

Trust Operating Agreement

A legal document governed by Pakistani law that establishes the operational framework and governance structure for managing a trust, detailing administration, investment, and distribution protocols.

find out more

Trust Account Agreement

A Pakistani law-governed agreement establishing a trust account relationship between a bank and account holder, defining terms for managing funds or assets in trust.

find out more

Irrevocable Trust Agreement

A Pakistani law-governed agreement establishing an irrevocable transfer of assets from settlor to trustees for specified beneficiaries' benefit, subject to Trust Act 1882.

find out more

Living Trust Agreement

A Pakistani law-governed agreement establishing a living trust for asset management and succession planning, combining civil and Islamic law compliance where applicable.

find out more

Revocable Trust Agreement

A Pakistani law-governed trust agreement allowing the settlor to transfer assets while retaining the right to modify or revoke the arrangement during their lifetime.

find out more

Land Trust Agreement

A legal instrument under Pakistani law establishing a trust for land management, defining the relationship between settlor, trustees, and beneficiaries.

find out more

Collateral Trust Agreement

A Pakistani law-governed agreement establishing a trust arrangement for managing collateral assets on behalf of secured creditors, detailing trustee appointments and collateral management procedures.

find out more

Security Trust Agreement

A Pakistani law-governed agreement establishing a trust structure for holding and managing security interests on behalf of multiple beneficiaries.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.