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About this document
This is an important Document for you to complete when you are setting up a Trust and transferring assets to that Trust.
What this Deed of Acknowledgement of Debt from Trust does is to confirm that the Trust owes the Donor (which is normally the Settlor/s) the amount in dollar value that it is receiving from the Donor and will continue to owe until the Debt repayment is either forgiven by the Donor (which is normally what happens), or is repaid in terms detailed in this Document.
Before you begin, make sure you have the following information at hand:
1. The name of your Trust;
2. The date of your Trust Deed;
3. The full name/s, city they live in and occupation for all Settlor/s
4. The full names, city they live in and occupation for all the Trustees of your Trust;
5. The total amount/value of all the Assets that you are transferring to your Trust.
Answering all these questions should only take you around 10 – 15 minutes to complete.
This interview will generate a document based on the information provided by you. It does not and is not intended to represent legal advice or the practice of law (even if the information you input is based on suggestions or tips provided by us).
Please note: if you want professional assurance that this template and your interpretation of it is appropriate to your particular situation, we recommend that you consult with a lawyer authorised to practice law in your jurisdiction.
Time it will take for you to complete this Document:
Approximately 5 – 10 minutes.
This interview will generate a document based on the information provided by you. It does not and is not intended to represent legal advice or the practice of law (even if the information you input is based on suggestions or tips provided by us).
Please note: if you want professional assurance that this template and your interpretation of it is appropriate to your particular situation, we recommend that you consult with a lawyer authorised to practice law in your jurisdiction.
