Template Description

This Will in Trust for Religious Uses is a legally structured document that outlines the wishes of an individual to create a trust for religious purposes upon their passing. This template is a comprehensive MS Word document listed under Wills & Trusts. It is particularly beneficial for individuals seeking to allocate their estate for the construction, maintenance, and operations of religious institutions such as temples. The intended audience includes individuals, legal professionals, estate planners, and religious trustees.

Understanding a Will in Trust for Religious Uses

Terminologies:

• ‘Will’ – A legal document specifying the distribution of an individual’s assets after their demise.
• ‘Trust’ – A legal arrangement where assets are held by appointed trustees for a specific purpose.
• ‘Testator’ – The person making the will.
• ‘Trustees’ – Individuals appointed to manage the estate as per the will’s instructions.

Procedure for Creating a Will in Trust for Religious Uses:

Revocation of Previous Wills:

• The testator explicitly revokes all previous wills and codicils.

Bequeathing Estate to Trustees:

• The testator devises and bequeaths all properties, including lands, houses, securities, and financial assets, to the appointed trustees.
• Trustees have the authority to sell, transfer, or manage the estate for the benefit of the trust.

Utilization of Estate for Religious Purposes:

• Trustees are directed to use the estate’s proceeds for constructing a temple on a designated land parcel.
• The temple shall house idols of deities such as Lakshmi, Gayatri, and Saraswati.

Management of Trust & Religious Functions:

• The trustees shall invest the remaining funds as per Section 20 of the Indian Trusts Act, 1882.
• The interest and dividends generated from these investments shall be utilized for:
• Temple maintenance
• Puja and religious rituals
• Salaries of priests (pujaris)
• Annual religious festivals

Appointment and Replacement of Trustees:

• If a trustee resigns, becomes incapable, or passes away, the remaining trustees can appoint a new trustee.
• The number of trustees shall always be between two and six.

Execution of the Will:

• The will is executed and witnessed as per the applicable legal requirements.

Key Considerations:

• Ensure clarity in the trustee appointment process.
• Specify precise religious purposes for the estate’s utilization.
• Provide a mechanism for investment of residual funds to ensure long-term sustainability.
• Outline responsibilities for maintenance and administration of the religious establishment.

Conclusion

A Will in Trust for Religious Uses ensures that the testator’s assets are managed and utilized in accordance with their spiritual and philanthropic vision. By appointing responsible trustees, clearly defining their duties, and safeguarding financial sustainability, this document facilitates the long-term preservation of religious institutions. Proper execution and legal formalities are essential to enforceability and compliance.