Securing a family’s legacy goes beyond a simple will. It requires understanding the specific legal framework that makes a Family Trust effective in Kenya. This article outlines the six essential Kenyan statutes that govern asset protection, succession, and taxation for your trust.
The legal framework for trusts in Kenya is evolving! With the proposed Trust Administration Bill, 2025, set to potentially repeal existing legislation like the Trustees (Perpetual Succession) Act (Cap 164), understanding how to formally wind up a family trust is crucial for settlors and trustees alike. While the core principles remain rooted in the Trust Deed, the process will likely align with the new dissolution standards for incorporated bodies.