ARTICLE · 09 FEBRUARY 2023
Formation Of Trusts
Formation of trusts is an effective way of succession planning, as it helps with distribution of any form of property, moveable or immoveable, tangible, or intangible, without affecting the continuity of the business.
BahrainCorporate/Commercial Law
Formation of trusts is an effective way of succession planning,
as it helps with distribution of any form of property, moveable or
immoveable, tangible, or intangible, without affecting the
continuity of the business. It thus, facilitates smooth transition
of the deceased succession and thereby helps in avoiding the
nitty-gritty of the court procedures. This Article describes how a
valid financial trust could be formed and what should be included
in the Trust Deed, in accordance with Bahrain Law No. 23/2006
regarding the Regulation of Financial Trusts.
Formation Requirements
In order to form a valid Trust, it
must mandatorily include the following.
If any of the below is not included it shall hold the Trust
void:
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