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TRUSTS SCRIPT Has the trust been validly created? The three certainties must be satisfied: Knight v Knight 1. Certainty of Intention Settlor needs to have immediately and objectively intended to create
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The three certainties to form a trust are certainty of intention, certainty of subject matter, and certainty of objects. These elements ensure that a trust is legally valid.
Individuals or entities that are establishing a trust must ensure that the three certainties are met. This typically involves the settlor or trust creator.
To fill out three certainties to form, a settlor should clearly express their intention to create a trust, define the property involved, and set out the beneficiaries or objects of the trust.
The purpose of the three certainties is to ensure clarity and enforceability of the trust. They protect the interests of all parties involved by establishing clear guidelines for the trust.
The information that must be reported includes the intention behind creating the trust, a detailed description of the trust property, and the identification of the beneficiaries.
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