How to register a trust?

How to Register a Trust           

 There are two types of trusts, namely the inter-vivos trust and the testamentary trust. The inter-vivos trust is created between living persons, whereas the testamentary trust is derived from the valid will of a deceased person.

Steps to follow to register an inter-vivos trust

Register the inter-vivos trust at the office of the Master in whose area of jurisdiction the greatest portion of the trust assets is situated. If more than one Master has jurisdiction over the trust assets, final jurisdiction will rest with the Master of the office where the trust was first registered.

           Submit the following documents to the Master:

·         A completed Acceptance of Trusteeship application form for each trustee (to be completed    by the trustee)

·         A completed Bond of Security if required by the Master for each trustee

·         The original trust deed or a copy thereof, certified by a Notary

·         R100 – in the form of either uncancelled revenue stamps affixed to the trust document or a stamp impressed with a franking machine approved by the Commissioner for Inland Revenue

·         An undertaking by an auditor, if applicable 

 Example of Details Needed 

TRUST DETAIL

Name of Trust

FOUNDER

Full name & Surname
Identity Number
Occupation
Physical Address
E-mail Address

TRUSTEES

TRUSTEE 1 Full name & Surname: Identity number: Residential address: Occupation:

TRUSTEE 2 Full name & Surname: Identity number: Residential address: Occupation:

TRUSTEE 3 Full name & Surname: Identity number: Residential address: Occupation:

TRUSTEE 4 Full name & Surname: Identity number: Residential address: Occupation:

In the event of more than four trustees, please e-mail a detailed list with the information of those trustees to info@trusts.za.net

BENEFICIARIES

BENEFICIARY 1 Full name & Surname: Identity number: Residential address: Relationship to Trustee:

BENEFICIARY 2 Full name & Surname: Identity number: Residential address: Relationship to Trustee:

BENEFICIARY 3 Full name & Surname: Identity number: Residential address: Relationship to Trustee:

BENEFICIARY 4 Full name & Surname: Identity number: Residential address: Relationship to Trustee:

In the event of more than four beneficiaries, please e-mail a detailed list with the information of the addition beneficiaries to info@trusts.za.net

DOMICILIUM CITANDI ET EXECUTANDI

Physical address of trust

               

AUDITOR OR BOOKKEEPER

Name of auditor/Bookkeeper

Contact details

E-mail: Phone: Fax: Cell:

Street address

Postal address

BANK DETAILS

Bank Name

Branch

CONTACT PERSON FOR TRUST

Name

Surname

Phone

Fax

Cell

E-mail Address