Deed Of Trust Release Template for Philippines

The Deed of Trust Release is a crucial legal instrument in Philippine property and trust law, used when trust property needs to be formally released from trust arrangements. This document becomes necessary when the purposes of a trust have been fulfilled, when conditions for release have been met, or when the trust term expires. The document must comply with Philippine trust and property laws, including the Trust Code of the Philippines (PD 1405) and the Civil Code. A properly executed Deed of Trust Release provides clear documentation of the transfer of trust property, ensures legal compliance, and protects all parties' interests. It typically includes detailed property descriptions, confirmation of fulfilled conditions, and proper execution formalities as required by Philippine law.

1. Parties: Identifies all parties involved: the Trustor (creator of the trust), Trustee (current holder of the trust property), and Beneficiary (if applicable)

2. Background: Recites the creation of the original trust, date of trust deed, its registration details, and the circumstances leading to the release

3. Definitions: Defines key terms used in the document, including references to the original trust deed, property descriptions, and relevant dates

4. Trust Property Description: Detailed description of the trust property being released, including all relevant legal descriptions and registration details

5. Declaration of Release: Formal statement releasing the property from the trust, including the legal basis for the release

6. Trustee's Confirmation: Trustee's formal confirmation of the release and statement that all trust conditions have been fulfilled

7. Representations and Warranties: Statements confirming the authority to release the trust and the absence of encumbrances

8. Execution and Attestation: Formal execution requirements including notarization and witness provisions as required by Philippine law