Drawing Up Trust Documentation

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Transcript of Drawing Up Trust Documentation

Page 1: Drawing Up Trust Documentation

Chris CotillardDirector, Alex Picot Trust

Drawing Up Trust

Documentation

Alex Picot Trust Company Ltd is regulated by the Jersey Financial Services Commission toconduct trust company business under the Financial Services (Jersey) Law 1998.

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Choosing A Trustee

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Finding a reliable trustee to oversee the managementand execution of your trust is worth researching for.

A well-renowned and well-regulated independent thirdparty may be expensive, but the expertise and objectivity

they provide are worth the investment.

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Attempting to plan and manage a trust without a

professional’s input and knowledge may leave you

with a structure that does not provide you with the

solution you need.

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The Trust Deed

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Alternatively a lawyer will be able to draft thedocumentation.

Your trustee can provide you with the necessary

documentation to draw up the trust deed.

This will summarise your personal background,circumstances, finances, and lay out the plans for your

assets and who will receive them.

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Once the arrangements of the trust have been

laid out on paper, the deed is drawn up for you

to sign.

When both settlor and witness have signed the

deed, it is considered delivered and effective,

unless otherwise indicated.

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Settled Funds

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The final step for the trust to become

active is for the initial settled funds

(usually a minimal amount such

as £10) to be settled into the trust.

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Contact Us+44 (0) 1534753753

[email protected]

Alex Picot Trust

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Disclaimer

The document contains general information about our services and does not constitute professional advice. We cannot accept liability for loss or damage suffered as a result of reliance on the information contained

herein.

No member of the Alex Picot Trust Company Ltd is authorised to provide investment advice. You should seekindependent financial and legal advice before processing any financial business in Jersey.

Alex Picot Trust Company Ltd accepts no responsibility or liability for any other document to which you maygain access from this document, or from which you may have gained access to this document and do not

accept any responsibility or liability in connection with any links or websites.

The content of this document, its design and layout is protected and is the property of the Alex Picot TrustCompany Ltd. No permission is granted to copy this material or reproduce it in any form without written

permission.

Alex Picot Trust Company Ltd is regulated by the Jersey Financial Services Commission toconduct trust company business under the Financial Services (Jersey) Law 1998.