Trust Registration

Trust registration refers to the process of formally documenting a trust with the appropriate authorities. A trust is a legal arrangement where one party, the trustee, manages assets for the benefit of others, known as beneficiaries. Registering a trust helps ensure legal recognition, which can provide clarity about ownership, facilitate management of assets, and ensure tax compliance. It often involves providing key information, such as the trust deed and details of the beneficiaries and assets. Depending on the jurisdiction, registration may be required for certain types of trusts or for specific tax benefits.