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After the sale, the title is transferred from the agent to the new owner by the agent`s deed. If there are no bidders for the sale of trustees, the property returns to the lender through the deed of an agent. Once the property is sold, the borrower is not entitled to the withdrawal. Trust Agreement or Trust Deed is an agreement in which a person transfers assets to another person (trustee). Under the provisions of this Agreement, it is possible to transfer money, securities, real estate, personal and intellectual property and other property rights. The registered owner and the real owner (s) must complete the declaration of trust in common. If the declaration of trust is completed without the knowledge and consent of all parties, the registration of the declaration of confidence could be considered fraudulent. Once the declaration of confidence is complete, make sure it is dated to the date of the conclusion of the real estate purchase. PandaTip: A trust is a formal agreement in which ownership is transferred from a settlor to an agent who has full control of that property, but who must keep it for the benefit of the beneficiaries. This trust model is suitable for a discretionary trust in which the agent has full control over the trust`s assets and is not required to return the funds to Settlor and Settlor cannot in any way influence the agent. The agent`s obligations under discretionary trusts are likely to apply in court (at least in common law countries such as the United States and the United Kingdom), but this is a complex and sophisticated legal arrangement that cannot be easily overturned. If you want to transfer the property in the name of another person, while maintaining control of the property, you should instead use a declaration of trust (also called a nomine or mandatory declaration).

Unlike businesses, trusts generally do not have to be registered. For this reason, the trust deed is often the only proof of the agreement and is therefore generally executed in several copies, which can be retained by the agent, Settlor and the family`s lawyer, in order to protect them from fires, losses and natural disasters. Finally, setting up a trust can have serious tax consequences and we strongly recommend that you get an advisor before carrying out this trusting commitment.