Overview
A trust is an obligation attached to the ownership of property. It arises from a confidence placed in and accepted by the owner, or declared and accepted by the owner, for the benefit of another, or of another and the owner.
A Trust Deed is registered to create a trust, through the Settlor (or Author). The Settlor may appoint any number of Trustees to look after the trust and its activities. There are public charitable trusts and private trusts for the benefit of a few, but in each case the confidence is placed for the benefit of others.
When you need it
- Setting up a charitable trust
- Holding family property for the benefit of dependants
Documents usually required
Open as checklist- Details of the Settlor and the Trustees, with ID proof and photographs
- Objects of the trust
- Details of the trust property
- Two witnesses with ID proof
This is an indicative list. Exact requirements depend on the property, the authority and your situation, and we confirm the full list after reviewing your papers.
How it works
- 1
Structure
The objects, trustees and powers are defined.
- 2
Draft
The deed is drafted.
- 3
Stamp and register
The deed is stamped and registered at the Sub-Registrar.
Good to know
A trust relating to immovable property must be declared by a registered instrument.