Drawing Up Trust Documentation
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The document outlines the process and importance of setting up a trust, emphasizing the need for reliable trustees and professional guidance to ensure proper management and execution. It details the steps involved, including drafting a trust deed and settling initial funds, while providing a disclaimer regarding the limitations of the information contained within. The document also stipulates the legal protections and restrictions on its content, asserting the company's authority and regulatory compliance in Jersey.
Drawing Up Trust Documentation
- 1. Chris Cotillard Director, Alex Picot Trust Drawing Up Trust Documentation AlexPicotTrustCompanyLtdisregulatedbytheJerseyFinancialServicesCommissionto conducttrustcompanybusinessundertheFinancialServices(Jersey) Law1998.
- 3. Finding a reliable trustee to oversee the management and execution of your trust is worth researching for. A well-renowned and well-regulated independent third party may be expensive, but the expertise and objectivity they provide are worth the investment.
- 4. 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.
- 6. Alternatively a lawyer will be able to draft the documentation. 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.
- 7. 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.
- 9. 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.
- 10. Contact Us +44 (0) 1534753753 mail@alexpicottrust.com Alex Picot Trust
- 11. 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 seek independent 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 may gain 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 Trust Company Ltd. No permission is granted to copy this material or reproduce it in any form without written permission. AlexPicotTrustCompanyLtdisregulatedbytheJerseyFinancialServicesCommissionto conducttrustcompanybusinessundertheFinancialServices(Jersey) Law1998.