Document background
A Release And Trust Agreement is a specialized legal instrument commonly used in South Africa when parties wish to resolve disputes or claims while establishing a structured arrangement for asset management or distribution. This document type is particularly relevant in settlement scenarios, family wealth planning, corporate restructuring, or when establishing funded security arrangements. The agreement must comply with South African trust law, particularly the Trust Property Control Act 57 of 1988, and general contract law principles. It typically includes comprehensive details about the release of claims, consideration provided, trust establishment, trustee powers and duties, beneficiary rights, and asset management provisions. The document is often used in situations where there's a need to combine the settlement of claims with a long-term arrangement for asset management or distribution, such as in family settlements, corporate reorganizations, or structured settlement arrangements.
