A Trust is a legal arrangement where the creator of the trust called the Settlor entrusts and transfers legal ownership of the assets to another person called the "trustee" under a Trust teed. The Trustee then acts for the benefit of the named beneficiaries in the Trust deed for a specified period of time.

Trustee can be a trust corporation or a person chosen by the settlor to carry out the instructions as contained in the trust. As a Trustee, he has a fiduciary duty to act in the best interest of the beneficiaries.

Yes, anyone can be the beneficiary.

No, unless the instrument itself is the document evidencing the transfer of land or shares.

Only one witness is required to be part of the process of execution.

Section 32 Civil Law Act (Cap. 43) - the trust can last for up to 100 years.

No, the Trust settlement is effective once it is executed by the settlor and the Trustee unlike a Will.

All sorts of assets legally belong to the Settlor save and except those under joint tenancy of which written consent must be obtained from the joint owner.

You can revoke/ amend it as long as it is a Revocable Trust.

Interests of such deceased Beneficiary can be dealt with accordingly under the terms of the Trust.