TRANSACTIONAL CHECKLIST FOR CREATION OF A SIMPLE TRUST

1.       Full Names of Settlor (s)

2.       Full Names of Trustees

3.       Full Names of Beneficiaries

4.       Objectives Of The Trust

5.       Name of the Trust

6.       Amount of the Original Sum/Initial Trust Fund if in monetary terms

7.       'If the Settlor is a natural person: ·         A copy of his/her ID ·         A copy of his/her PIN Certificate

8.       If the Settlor is a Company: ·         Incorporation documents ·         Copy of its PIN Certificate ·         3 or more passport size photographs of two of the directors or a director & Co. Sec. ·         Copies of the IDs and PIN Certificates of two of the directors or a director and Co. Sec. ·         Company Resolution to create a Trust, appointing the Trustees and the Beneficiaries

9.       If the Settlor is an Incorporated Trust: ·         A copy of its Trust Deed ·         A copy of its Certificate of Incorporation ·         A copy of the Resolution to create a Trust, appointing the Trustees and the Beneficiaries

10.    Full Description of the Property to be held in Trust ·         If Immovable Property o    Description particulars of the land o    Copy of Title to the Land o    Do a search to confirm ownership of the Property ·         If Shares o    Number of Shares to be held in Trust o    Par value of the Shares o    Whether the Shares have been fully paid up

11.    Postal addresses of all the Parties

12.    Proposed Principal Office of the Trust

13.    Whether the Trust will hold other Property in future or if it is being set up only for the holding of the current Property