Lost Trust Deed- What to do?

Lost Trust Deed- What to do?

Lost Trust Deed! What to do? A Trust deed is a legal arrangement that involves transferring of assets to the trustees.  Trust deed dictates the powers of trustees so that they can carry out their duties. With the help of trust deed, people can avoid bankruptcy and also it helps creditors to receive their payments. However, misplacement of trust deed is quite common in Scotland. Clients fail to understand the importance of the trust deed. They are not too familiar with the process that needs to be followed if your trust deed is lost. Just by adopting the terms and conditions of replacement deed without trying to find out the misplaced deed, or trying to find out the original terms of a trust deed is quite a difficult process. Stamp duty Just by making a submission of replacement deed to the state revenue office can result in the valuation of trust assets, and enforcement of full stamp duty at conveyance rate on the...
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