KShs 4,200.00
Additionally, the deed includes covenants by the trustee, promising to act in the best interests of the beneficial owner, and may outline any restrictions on the trustee’s actions. It often contains provisions for the trustee’s remuneration, liability, and accountability, ensuring transparency and fairness in the management of the trust. The document also addresses the termination of the trust, detailing the conditions under which the trust can be dissolved. Overall, a Deed for a Simple Trust Over Shares provides a clear and structured framework for managing shares in a trust, protecting the interests of the beneficial owner while granting the trustee the necessary authority to manage the assets effectively.
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