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  • FIRST POST
    • Cleeve
    • By Cleeve 11th Nov 17, 7:38 PM
    • 12Posts
    • 7Thanks
    Cleeve
    Documenting a Will-Trust (after a death)
    • #1
    • 11th Nov 17, 7:38 PM
    Documenting a Will-Trust (after a death) 11th Nov 17 at 7:38 PM
    If an interest and possession trust is set up in a Will does it require any further documentation by the executor or trustee such as the creation of a Deed. Or does it 'just exist' and the trustees just document minutes of their meetings?
Page 1
    • Crabapple
    • By Crabapple 11th Nov 17, 10:13 PM
    • 1,543 Posts
    • 7,113 Thanks
    Crabapple
    • #2
    • 11th Nov 17, 10:13 PM
    • #2
    • 11th Nov 17, 10:13 PM
    The will is the trust deed and the trust comes into effect on death.

    Assets in the trust should be transferred into the names of the trustees, and depending on the assets held it may need to be registered with HMRC.
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    • Yorkshireman99
    • By Yorkshireman99 11th Nov 17, 10:16 PM
    • 3,293 Posts
    • 2,650 Thanks
    Yorkshireman99
    • #3
    • 11th Nov 17, 10:16 PM
    • #3
    • 11th Nov 17, 10:16 PM
    The will is the trust deed and the trust comes into effect on death.

    Assets in the trust should be transferred into the names of the trustees, and depending on the assets held it may need to be registered with HMRC.
    Originally posted by Crabapple
    And the executors need to get paid for advice to make sure they don't get it wrong.
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