Trust

A trust is a binding obligation enforceable by law when undertaken. It may be created by one of the following:

 

  • a person (either verbally or in writing);
  • a court order; or
  • a statute.
Generally, a trust is created when it is properly established and there is certainty of:
  • the intent to create a trust;
  • the property to be placed in trust; and
  • who the Beneficiaries of the trust are.

Additional information