The procedure for creating a trust legally is called trust registration In a legal arrangement known as a trust, property is transferred from one individual (the settlor) to another (the trustee), who then keeps the property for the benefit of a third party (the beneficiary).

1. Trust
Registration
The procedure for creating a trust legally
is called trust registration In a legal
arrangement known as a trust, property
is transferred from one individual (the
settlor) to another (the trustee), who then
keeps the property for the benefit of a
third party (the beneficiary).

2. Trust
Registration
Legal certainty: The settlor, trustee, and beneficiary are all given legal certainty upon the
registration of the trust. It guarantees the protection of the assets owned by the trust as
well as the validity and enforceability of the trust.
Transparency: The trust is more transparent when it is registered. Anyone can view the
trust deed and learn how it is being administered as it is a publicly accessible document.
Accountability: Trust registration enables the trustee to be held responsible for their
deeds. The Registrar of Trusts receives annual reports from the trustee, which are
available for public review.
Benefits to taxes: The beneficiary, trustee, and settlor may all receive tax advantages from
registering a trust. For instance, the beneficiary of the trust may be able to avoid paying
income tax on certain distributions, and the settlor may be able to claim tax deductions for
gifts made to the trust.