Who are the Parties to an inter vivos Trust?
- the founder or donor or creator and
- the trustees and
- the beneficiary/ies
How is a Trust formed?
Most commonly by way of lodging a Trust Deed (constituting the agreement between the creator and the trustees who will administer the trust for the benefit of defined beneficiaries) with the Master of the High Court for registration
A Trust can also be set up in the Will of a testator, the registration of which will require the filing of the Will with the Master of the High Court, which Will shall set out the terms of the trust
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