Mechanics Formalities

Question 1

Inter Vivos Trust

Answer 1

A trust is created while the settlor is alive and the trustee is either:

• the settlor himself
• or another

Question 2

Present Declaration of Trust

Answer 2

When a settlor names himself as trustee of a specific property for beneficiary and keeps legal title

Question 3

Transfer of Conveyance in Trust

Answer 3

When a settlor creates a trust by transferring the legal title of the property to a trustee