
ESTATE PLANNING & ADMINISTRATION
Yes. In order to register a Family Trust in Zimbabwe one has to engage the services of a lawyer. It must however be noted that Family Trusts in Zimbabwe are not drafted by any ordinary lawyer. The registration of a Family Trust in Zimbabwe may only be carried out by a lawyer known as a Notary Public.
A Notary Public is a legal practitioner who is registered with the High Court of Zimbabwe and has undertaken and passed a special examination on notarial practice. He or she is regarded as an impartial witness to the signing of important documents. One of the functions of a Notary Public is to draft a Notarial Deed of Trust i.e., Family Trust which generally sets out the following:
The name of the Family Trust
The Founder of the Family Trust
The Trustees of the Family Trust, their dates of births, identity numbers and physical addresses
The Beneficiaries of the Family Trust
The purpose / objectives of the Family Trust
The roles and responsibilities of the Trustees
The roles and responsibilities of the Beneficiaries
Instructions on how the Family Trust will be managed and administered.
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