Documenting a Will-Trust (after a death)

Cleeve · 11 November 2017 at 8:38PM

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?

Crabapple · 11 November 2017 at 11:13PM

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.

Yorkshireman99 · 11 November 2017 at 11:16PM

Crabapple wrote: »

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.

And the executors need to get paid for advice to make sure they don't get it wrong.

Documenting a Will-Trust (after a death)

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