ABSTRACT
It has been shown that there are a number of requirements to establish a valid trust. To set up a workable trust, the settlor must:
These rules generally exist to provide some protection for the trustee. The first four criteria – relating to declaring the trust – ensure that it must be absolutely clear that a trust has been created, spell out categorically what it is that the trustee is supposed to administer and in whose favour the trustee must manage the trust. Constituting the trust ensures that the trustee can manage the trust property by transferring the legal title in the property to him.
