How does one go about setting up Education Trust?
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Last Update vor 2 Monaten
The process is very easy.
1. Completion and execution of the Education Trust Formation Form
2. Submission of KYC documents to create the Trust. These include:
- Your Passport photograph, Means of Identification (Copy of your passport biodata page, Driver’s licence, Permanent Voter’s Card or National Identity card) and Current Utility bill (not more than 3 months old).
- iPassport photographs, Means of Identification (Copy of passport biodata page, Driver’s licence, Permanent Voter’s Card or National Identity card) and Current Utility bill of your beneficiaries. Birth Certificates would also be required for Minors.
3. Payment of the Trust Set-Up fees.
4. Drafting of the Education Trust Deed by the Trustee and execution of same by the Settlor and Trustee.
5. Transfer of Financial assets to the Trust.