In Kenya, trust deeds are widely recognised for their pivotal role in pension administration and safeguarding individuals' retirement funds. However, beyond their conventional application in pensions, trust deeds also offer valuable avenues for effective estate planning.
Family trusts gained legal recognition in Kenya in 2021 with the enactment of the Trustees (Perpetual Succession) (Amendment) Act. This allowed individuals or groups of individuals, whether acting jointly or individually, to register or incorporate family trusts which are administered through trust deeds.
