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lifetime living trusts

charlie1140
Posts: 1 Newbie
I would like to do this myself, where would I get the forms.
Art
Art
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You will have to give a lot more information if you want a useful answer.0
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Plus you will have to be sure you can live with the consequences if you get it wrong.Signature removed for peace of mind0
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charlie1140 said:I would like to do this myself, where would I get the forms.
ArtGoogling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
https://www.netlawman.co.uk/ia/guide-to-trusts
How can I set up a trust fund?
Case law demands that for an express trust to be validly declared, it has to establish three certainties:
- certainty of intention; that you clearly intend to create the trust
- certainty of subject matter; that you plainly and precisely define the trust property
- certainty of objects; that you unequivocally delineate the beneficiaries
To create an express trust, you would need the help of an expert with specialised legal, financial, and tax knowledge to establish these certainties; decide on all the important aspects of a trust; and ensure proper, precise legal wording & constitution of your trust.
See also https://www.crowe.com/uk/croweuk/insights/the-tax-implications-of-trusts
You would engage a solicitor with a specialist knowledge of Trust Law.
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