Gift Trust Discretionary Trust Declaration form
|
|
- Marlene Fisher
- 5 years ago
- Views:
Transcription
1 Gift Trust Discretionary Trust Declaration form Some important information before you start Neither The Prudential Assurance Company Limited, or Prudential International Assurance plc or Prudential International Assurance plc, UK Branch can accept responsibility for the use of this draft form as its suitability depends upon each investor s own individual, separate circumstances. Before considering the use of any part of this form, the investor(s) should discuss matters with their professional legal adviser(s). The Settlor is excluded from benefitting from this trust. If they should receive any money from this trust, through regular or one off withdrawals, this will make the trust ineffective for Inheritance Tax Purposes. Information and references to law, legislation and tax treatment in this document and any accompanying brochure or other literature are based on Prudential and Prudential International s understanding of current law and legislation and HM Revenue & Customs practice. All of these are liable to change without notice and are likely to change in future. Any tax reliefs referred to are those currently available and may be subject to change and can depend on individual circumstances. Every care has been taken as to accuracy, but it must be appreciated that Prudential, Prudential International and their representatives cannot accept responsibility for loss, however caused, suffered by any person who has acted or refrained from acting as a result of any accompanying material published in or in conjunction with this draft trust instrument or from the use of the trust instrument itself. Questions about this form? Advisers in the first instance, get in touch with your usual Prudential contact or please call our Adviser Centre on Calls may be monitored or recorded for quality and security purposes. Policyholders please speak to your Financial Adviser Our web addresses are pruadviser.co.uk for financial advisers and pru.co.uk for policyholders. How to fill in this form Please use black ink and write in CAPITAL LETTERS or tick as appropriate. Any corrections must be initialled. Please do not use correction fluid as this will invalidate your application.
2 Page 2 of 8 1. The trust 1. The Trust Fund (1) The Trustees shall hold the Trust Fund upon the Trusts and with and subject to the powers and provisions declared and contained in the Trust Provisions for the benefit of the Beneficiaries. (2) The Trust Provisions are hereby expressly incorporated in this Deed. 2. Proper Law The proper law of this Trust shall be that indicated in the Third Schedule. 2. The schedules The First Schedule: The Bond(s)/Policy Company: The Prudential Assurance Co Ltd/Prudential International Assurance plc Type of Bond/Policy Date of Application D D M M Y Y Y Y The Settlor hereby assigns all the rights, title interest in the policies and all proceeds and benefits attached to the said policies to the Trustees to hold subject to the trusts and powers and provisions set out in this document. The Second Schedule: Exclusion of Settlor s Spouse Bond/Policy Number For single Settlor trusts, the Settlor s spouse is included in the list of beneficiaries unless the following box is signed by the Settlor. Please delete as appropriate. If you have an existing bond/policy please enter the number of the bond/ policy you are putting into trust. You do not need to enter a date if it is an existing bond/policy. If you are applying for a new bond/policy enter the date of the application you are applying for and wish to put into trust. This provision shall not exclude the Settlor s widow(er) from being a beneficiary. This Schedule should only be completed if you want to extend the standard list of Beneficiaries contained in Part 1 of the Trust Provisions. If you are adding beneficiaries please make sure you identify them in a way that makes it clear who they are. Do not add or include the Settlor(s) name(s) as Beneficiaries. No person who is a Settlor may be a Beneficiary. Additional Discretionary Beneficiaries (full names or description, address and date of birth) The Third Schedule: The Proper Law Governing This Trust If none of the boxes are ticked the Law of England and Wales will apply: The Law of England and Wales The Law of Northern Ireland Scots Law
3 Page 3 of 8 3. s & date: to be completed and signed by the Settlor(s), additional Trustees and Witnesses Note: There must be at least one Additional Trustee for single settlor trusts. You should ensure that this document is executed in accordance with the legal requirements in the place where it is executed and the law governing the Trust. If a company is a Trustee the Trustee Company s common seal may be required as well as the signature of an Officer or Officers of the Trustee Company. In Witness Whereof the parties have executed this document as a Deed on: D D M M Y Y Y Y (1) The Settlor (the person(s) creating this Trust) (If you are applying for a new Bond/Policy, this date must not be a date before the application date shown in the First Schedule.) (a) Signed as a Deed by the Settlor In the presence of the Witness Leave 1(b) below blank if there is only one Settlor (b) Signed as a Deed by the Settlor (if there are two Settlors): In the presence of the Witness All witnesses must be over the age of 18 and independent of the trust not a settlor, additional trustee or beneficiary.
4 Page 4 of 8 3. s & date: to be completed and signed by the Settlor(s), additional Trustees and Witnesses continued (2) The Additional Trustee(s) (the person(s) who will be the Initial Trustee(s) of the Trust with the Settlor) (a) Signed as a Deed by the Additional Trustee In the presence of the Witness Leave 2(b) below blank if there is only one Additional Trustee (b) Signed as a Deed by the other Additional Trustee (if there are two Additional Trustees) In the presence of the Witness All witnesses must be over the age of 18 and independent of the trust not a settlor, additional trustee or beneficiary.
5 Page 5 of 8 4. Discretionary Gift Trust Agreement and Provisions Part 1: Definitions And Interpretation 1. Introduction In these Trust Provisions unless the context otherwise requires: (1) the singular shall include the plural (and vice versa) and the masculine shall include the feminine and neuter (and vice versa); (2) references to statutory provisions shall be taken as references to statutory provisions enacted in the United Kingdom as amended from time to time; (3) references to the Declaration of Trust shall be taken as references to a Declaration of Trust which incorporates the Trusts Powers and Provisions set out in these Trust Provisions so that they form an essential part of the Trust created by that Declaration of Trust. 2. Definitions the Initial Trustees means the Settlor and Additional Trustees. the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income). the Trust Period means the period starting on the date of the Declaration of Trust and ending on the Vesting Day. the Vesting Day means the 125th anniversary of the date of the Declaration of Trust. the Accumulation Period means the period of 125 years beginning with the date of the Declaration of Trust. Trust Property means any property comprised in the Trust Fund. the Settlement and this Settlement mean the Trust created by the Declaration of Trust. Person includes a person anywhere in the world and includes a Trustee. Civil Partner has the same meaning as in section 1 of the Civil Partnership Act Spouse includes a Civil Partner. Widow/Widower of a person includes the individual who was the Civil Partner of that person immediately before that person s death. the Settlor means the person or persons shown under the heading The Settlor(s) at (1). the Trustees means the trustees of the Trust from time to time. the Trust Provisions means the Discretionary Gift Trust Provisions (appended to this Declaration) the Insurance Company means the Insurance Company shown in the First Schedule. 3. The Settlor(s) (1) Single Settlor Trust The Settlement shall be a Single Settlor Trust if just one person is shown under the heading The Settlor(s) in the Declaration of Trust and the Settlor shall mean that person. (2) Joint Settlors Trust The Settlement shall be a Joint Settlors Trust if two persons are shown under the heading The Settlor(s) in the Declaration of Trust and: (a) the Settlors and the Settlor shall mean either or both of those persons; (b) a Settlor means either of those persons; (c) the First Settlor means the person shown first under that heading and the Second Settlor means the person shown second under that heading; (d) the Survivor means the later to die of the two Settlors. 4. The Beneficiaries The Beneficiaries means: (a) The children and remoter descendants of the Settlor and includes adopted or illegitimate children and remoter descendants. (b) The children and remoter descendants of any spouse or widow(er) of the Settlor. (c) Any persons or class of persons or object shown in the Schedule of Additional Beneficiaries in the Declaration of Trust (as set out in section 2). (d) Any person or class of persons added to the class of Beneficiaries from time to time by the Trustees in accordance with clause 3 of Part 2. (e) The spouses and widow(er) of the Beneficiaries at (a) and (b) above. (f) Any spouse of the Settlor unless the box in Section 2, schedule 2 has been signed. (g) Any widow(er) of the settlor.
6 Page 6 of 8 4. Discretionary Gift Trust Agreement and Provisions continued Part 2: Trust Provisions 1. Trust income Subject to the Overriding Powers in clause 2 below 1.1 The Trustees may accumulate the whole or part of the income of the Trust Fund (if any) during the Accumulation Period. That income shall be added to the Trust Fund. 1.2 The Trustees shall pay or apply the remainder of the income to or for the benefit of any Beneficiaries, as the Trustees think fit, during the Trust Period. 2. Overriding powers The Trustees shall have the following overriding powers which they may exercise at any time or times during the Trust Period: (1) Power to pay out capital to Beneficiaries (a) The Trustees may pay or apply any Trust Property to or for the advancement or benefit of any Beneficiary. (2) Power to vary the Trusts (power of appointment) (a) The Trustees may appoint that they shall hold the Trust Fund or any part or parts of the Trust Fund and its income for the benefit of any of the Beneficiaries, on such terms as the Trustees think fit. (b) An appointment may create any provisions and in particular it may create: (i) discretionary trusts. (ii) dispositive or administrative powers exercisable by the Trustees or any other person or persons. (c) Any appointment shall be made by deed and may be revocable during the Trust Period or irrevocable. (3) Power to add or exclude Beneficiaries (a) The trustees may add a person or a class of persons (other than the Settlor(s) to the Beneficiary class provided the addition is requested or agreed to in writing by the Settlor (or one of the Settlors if there are two Settlors) or if no Settlor is living by at least two persons who are already Beneficiaries and at least 18 years old. (b) The Trustees may exclude a person or class of persons from being or becoming Beneficiaries in relation to the Trust Fund or in relation to any specified part of the Trust Fund. (c) Any exercise of this power to add or exclude shall be made by Deed and may be revocable during the Trust Period or irrevocable. (d) If there is any change in the parties to the trusts eg any trustees or beneficiaries (including class of beneficiaries) change or a letter of wishes is received, the trustees must notify Prudential of the changes, the date it became effective and within 14 days from the date any of the trustees became aware of the change. 3. Default trusts Subject to clause 1 and clause 2 of this Part the Trust Fund and income thereof shall be held on trust for the benefit of any one or more of the Beneficiaries and in such shares and for such interests as the Trustees may during the Trust Period appoint. Subject to and in default of any appointment at the end of the trust period the remaining trust fund shall be distributed absolutely between the children, and remoter descendants of the Settlor(s) that are still living in equal shares per stirpes provided that if no such persons are living the remaining trust fund shall be distributed to any company, body or trust established for charitable purposes chosen at the Trustees absolute discretion. 4. Appointment, Retirement and Dismissal of Trustees (1) The power of appointing Trustees shall be exercisable by: (a) the Settlor while living and of full mental capacity (and if there are two Settlors this shall mean both Settlors jointly while they are both alive, and then the Survivor). (b) the Trustees (after the death of the Settlor or the Survivor). (2) Any Appointment of New Trustees or retirement of existing Trustees shall be by deed. (3) Part II of the Trusts of Land and Appointment of Trustees Act 1996 shall not apply to this Settlement. (4) The Settlor, while living and of full mental capacity, may dismiss by deed any Trustee provided there remains at least one Trustee who is not the Settlor or the Settlor s spouse. (5)(a) Where the Settlor is alive and of full mental capacity, any Trustee may retire provided there remains at least one Trustee who is not the Settlor or the Settlor s spouse. (b) Where the Settlor has died or is not of full mental capacity and provided there is not a single Trustee, any Trustee may retire. 5. Settlor exclusion clause (1) The Trust Fund shall be possessed and enjoyed to the entire exclusion of the Settlor and of any benefit to him by contract or otherwise and no provision of this Settlement and no discretion or power shall operate so as to allow any of the capital or income of the Trust Fund to become payable to or applicable for the benefit of the Settlor in any circumstances whatsoever.
7 Page 7 of 8 4. Discretionary Gift Trust Agreement and Provisions continued Administrative Provisions (1) The Trustees may administer the Trust Fund for the benefit of the Beneficiaries in whatever manner they may determine and to that end shall have the widest possible powers (which they may exercise or omit to exercise from time to time at their absolute discretion) of managing and dealing with the Trust Fund and of carrying out any transaction in connection therewith in all respects as if the Trustees were the absolute beneficial owners thereof. (2) Without prejudice to the generality of paragraph 1, the Trustees shall have the power: (i) to invest any money requiring investment in any property of whatever nature (including any policies of assurance or capital redemption contracts) and wherever situated whether producing income or not and upon such security (if any) as the Trustees shall in their absolute discretion think fit. (ii) to borrow money on such terms as to interest repayment and otherwise as they may think fit and whether upon the security of the whole or any parts of the Trust Fund or upon personal security only. (iii) to delegate any power or powers in making, managing, realising or otherwise dealing with any property included in the Trust Fund to any person or persons (but excluding the Settlor or the Settlor s spouse) upon such terms as to remuneration or otherwise as the Trustees may think fit and no Trustee shall be responsible for the default of any such agent if the Trustees in question employed or incurred expense in employing him in good faith. (iv) to pay or transfer any capital or income to be paid to or applied for the benefit of a Beneficiary who is under a legal disability to any parent or guardian of that Beneficiary or to such person on behalf of such Beneficiary as the Trustees shall think fit and the receipt of such person shall be a complete discharge to the Trustees who shall be under no obligation to see to the proper application thereof. (3) The Trustees shall have the power by deed or deeds revocable during the Trust Period or irrevocable wholly or partly to release or restrict the future exercise of any power hereby conferred on them as if the same were not conferred on them in a fiduciary capacity and so as to bind their successors. (4) The Trustees shall have power to deal with any policy of assurance or insurance as if they were the absolute owners of it and in particular may surrender, convert or exchange the same in whole or in part and exercise any power of election or option under a policy and borrow on its security and the receipt by the Trustees for any money payable under the said policy shall be a full and sufficient discharge. (5) A Trustee (other than the Settlor or Settlor s spouse) carrying on a business which consists of or includes the management of Trusts or advising Trustees may charge for work done by him or his firm in connection with the trust. (6) A Trustee shall not be liable for a loss to the Trust Fund unless that loss was caused by his own fraud or negligence.
8 pru.co.uk Prudential is a trading name of The Prudential Assurance Company Limited, which is registered in England and Wales. This name is also used by other companies within the Prudential Group. Registered office at Laurence Pountney Hill, London EC4R 0HH. Registered number Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The registered office of Prudential International is in Ireland at Montague House, Adelaide Road, Dublin 2. Prudential International is a marketing name of Prudential International Assurance plc. Registration No Telephone number If the Company should become unable to meet its liabilities, the Financial Services Compensation Scheme will protect eligible policyholders habitually resident in the UK when their contract starts, with effect from 1 December This protection does not extend to externally-linked investments. Prudential International Assurance plc is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Conduct Authority for UK business. Details on the extent of our regulation by the Financial Conduct Authority are available from us on request. Prudential International Assurance plc, UK Branch is registered in the UK as a branch of Prudential International Assurance plc which is authorised by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority and the Prudential Regulation Authority. Details about the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. The registered address of Prudential International Assurance plc, UK Branch is 3 Sheldon Square, Paddington, London, W2 6PR. Registration No. BR Telephone number If the company should become unable to meet its liabilities, the Financial Services Compensation Scheme will protect eligible policyholders habitually resident in the UK when their contract starts. This protection does not extend to externally-linked investments for further information please read the Key Features Document which is available on the Prudential website. INVS /2018
Discretionary Trust Declaration form
Probate Trust Discretionary Trust Declaration form Please use black ink and write in CAPITAL LETTERS or tick as appropriate. Any corrections must be initialled. Please do not use correction fluid as this
Discounted Gift Trust
Discounted Gift Trust Discounted Gift Trust (Discretionary Trust Declaration form) Please use black ink and write in CAPITAL LETTERS or tick 4 as appropriate. Any corrections must be initialled. Please
Absolute Trust Declaration form
Loan Trust Absolute Trust Declaration form Please use black ink and write in CAPITAL LETTERS or tick 4 as appropriate. Any corrections must be initialled. Please do not use correction fluid as this will
Discounted Gift Trust (Absolute)
Discounted Gift Trust Discounted Gift Trust (Absolute) Please use black ink and write in CAPITAL LETTERS or tick as appropriate. Any corrections must be initialled. Please do not use correction fluid as
Trust Declaration Form
Excluded Property Trust Trust Declaration Form Notes to help you This form is divided into sections. Notes are provided at the end of each section to help you to complete the section. Warning: This trust
Bare Trust for Settlor
Bare Trust for Settlor Notes to help you Prudential International Assurance plc cannot accept responsibility for the use of this form as its suitability depends upon each investor's own individual, separate
Survivor s Discretionary Trust deed
Protection Gift Trusts Survivor s Discretionary Trust deed Checklist Before sending the Trust to Legal & General, have you... 1. Inserted the policy number (if known) in the box below 2. Dated the Trust?
Aviva Discretionary Gift Trust (Protection)
Protection Aviva Discretionary Gift Trust (Protection) For use by single or joint settlors. Settlor can retain critical illness and mortgage payment protection benefits. Please fill in the form using BLOCK
RELEVANT LIFE POLICY TRUST AND NOMINATION FORMS
RELEVANT LIFE POLICY TRUST AND NOMINATION FORMS Important notes The forms are designed for use only with Royal London Relevant Life plans. Both forms can be used in England, Wales, Scotland or Northern
For customers The Discretionary Discounted Gift Trust deed
For customers The Discretionary Discounted Gift Trust deed Completion notes 1. Please complete all relevant sections of this deed by typing in the fields or printing and completing in pen. Once complete,
DISCRETIONARY GIFT TRUST
DISCRETIONARY GIFT TRUST TRUST DEED Phoenix Wealth, Unit Linked Life & Pensions, PO Box 1393, Peterborough, PE2 2TP. Note This document is provided on the strict understanding that it is presented as a
Pension death benefits discretionary trust.
PersonaL Pension/staKehoLder/siPP/buy out PLan Pension death benefits discretionary trust. IMPORTANT NOTES before completing the Discretionary Trust, please read the following notes. 1. This documentation
Pension death benefits discretionary trust.
retirement annuity contract Pension death benefits discretionary trust. IMPORTANT NOTES before completing this Trust, please read the following notes. 1. This documentation has been produced for consideration
GIFT TRUST (JOINTLY OWNED PLANS SURVIVOR TO BENEFIT) DISCRETIONARY
GIFT TRUST (JOINTLY OWNED PLANS SURVIVOR TO BENEFIT) DISCRETIONARY Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. This trust
Absolute Gift Trust. Trust Deed
Absolute Gift Trust Trust Deed How to complete the Trust This Sanlam Absolute Gift Trust deed is provided as a specimen only. If, after seeking independent legal advice, the Sanlam Absolute Gift Trust
THE DISCRETIONARY GIFT TRUST DEED
For customers THE DISCRETIONARY GIFT TRUST DEED COMPLETION NOTES 1. Please complete all relevant sections of this deed by typing in the fields or printing and completing in pen. Once complete, please print
The Discretionary Gift Trust deed
For customers The Discretionary Gift Trust deed Completion notes 1. Please complete all relevant sections of this deed by typing in the fields or printing and completing in pen. Once complete, please print
Trust terms and powers
For customers Whole of Life Trust terms and powers These Trust terms and powers are incorporated in any declaration of trust/trust request made by you as part of your Aegon Whole of Life application. Trusts
GIFT TRUST (JOINTLY OWNED PLANS SURVIVOR TO BENEFIT) DISCRETIONARY
GIFT TRUST (JOINTLY OWNED PLANS SURVIVOR TO BENEFIT) DISCRETIONARY Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. This trust
The trust form is designed for use only with plans issued by Royal London (and the divisions known as Bright Grey and Scottish Provident).
BUSINESS TRUST Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. The business trust is designed to allow payment of the plan proceeds
For customers The Probate Trust deed
For customers The Probate Trust deed Completion notes 1. Please complete all relevant sections of this deed by typing in the fields or printing and completing in pen. Once complete, please print and sign
MetLife Bare Loan Trust Important Information
R MetLife Bare Loan Trust Important Information This document is provided on the strict understanding that it is presented as a draft to be considered by the Donor and his/her legal advisers. Ultimately
day of National Insurance Number Postcode
Transfer Plan/ Individual Buy Out Plan/ Individual Important please ensure that you have: 0813 Completed Parts A to F Consulted your legal, tax or financial adviser before signing this deed Signed on page
YOUR ABSOLUTE TRUST. Suitable for Single Life or Joint Life Second Death. Policy Number: Life Assured Name: Life Assured Date of Birth:
YOUR ABSOLUTE TRUST THIS IS A SPLIT TRUST WHERE, AT CLAIM, ANY CRITICAL ILLNESS OR TERMINAL ILLNESS BENEFITS WILL BE PAID TO THE TRUSTEES FOR THE BENEFIT OF THE SETTLOR. Suitable for Single Life or Joint
Retirement Annuity Contracts (Section 226) Buy-Out Plans (Section 32)
Retirement Annuity Contracts (Section 226) Buy-Out Plans (Section 32) Declaration of trust Guidance notes These notes are designed to explain the consequences of completing the Declaration of trust ( the
Flexible trust TRAINING USE ONLY
TRAINING USE ONLY For customers Personal Protection Flexible trust Split trust retained and gifted benefits Survivorship option for joint life first death policies Choice of governing law Page 1 of 9 Completion
SPLIT TRUST DISCRETIONARY
SPLIT TRUST DISCRETIONARY Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. This version of the split trust is designed to allow
Discretionary Trust Deed
Discretionary Trust Deed 2 What is it? A discretionary trust designed for use with life assurance plans including investment bonds. The settlor (the person creating the trust) cannot benefit from the trust.
Part reserved to donor Part bare trust for named beneficiaries, excluding donor as beneficiary
SPLIT TRUST BARE Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. The trust form is designed for use only with plans issued by
Trust Range. Loan Trust. Completing the trust form
Trust Range Loan Trust The Loan Trust is designed to enable the Settlor (or Settlors) to make a gift of the growth of their investment whilst still allowing access to the original capital. For more information
PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK.
PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK. Technical Guide Discretionary Trust Deed PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK 2 INTRODUCTION. This guide has been written to explain what a Discretionary
For assistance with the completion of this trust deed, please refer to our Guide to completing the Discounted Gift Trust Deed.
Trust Range Discounted Gift Trust Deed For assistance with the completion of this trust deed, please refer to our Guide to completing the Discounted Gift Trust Deed. Please complete this document in BLOCK
GIFT TRUST DISCRETIONARY
GIFT TRUST DISCRETIONARY Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. This trust form is designed for use with plans issued
SPLIT TRUST (JOINTLY OWNED PLANS - SURVIVOR TO BENEFIT) BARE
SPLIT TRUST (JOINTLY OWNED PLANS - SURVIVOR TO BENEFIT) BARE Important notes Please read these notes prior to completion. The following trust form should not be used for pension plans. This version of
Trust Range. Gift Trust. Completing the trust form
Trust Range Gift Trust For more information about the Gift Trust, please refer to our Guide to Trusts and Gift Trust Spotlight aid. Completing the trust form Under Tax Regulations and intergovernmental
The trust form is designed for use only with plans issued by Royal London (and the divisions known as Bright Grey and Scottish Provident).
GIFT TRUST BARE Important notes Please read these notes prior to completion. The following trust form should not be used for pension policies. The trust form is designed for use only with plans issued
Aviva Discretionary Trust for Relevant Life Insurance
Aviva Discretionary Trust for Relevant Life Insurance The Relevant Life Insurance trust document is provided for the consideration of an employer and the employer s professional advisers. The implications
SCOTTISH WIDOWS BUSINESS PROPERTY WILL TRUST ADVISER GUIDE
SCOTTISH WIDOWS BUSINESS PROPERTY WILL TRUST ADVISER GUIDE This information is for UK Financial Adviser use only and should not be distributed to or relied upon by any other person. PAGE 2 SECTION A WHY
International Portfolio Bond Discretionary Will Trust for married couples or registered civil partners
International Portfolio Bond Discretionary Will Trust for married couples or registered civil partners This draft Discretionary Will Trust is provided as specimen wording for possible inclusion within
Bypass Trust PSBT
Bypass Trust Important PSBT30 0214 This trust is only suitable if you the Settlor, your Trustees and all of your Beneficiaries are resident in the UK and intend to remain resident in the UK. If you and
Discounted Gift (Bare) Trust. Trust Deed
Discounted Gift (Bare) Trust Trust Deed Discounted Gift (Bare) Trust This document is provided on the strict understanding that it is presented as a draft to be considered by the Donor and his/her legal
REVERT TO SETTLOR TRUST (CREATING DISCRETIONARY TRUSTS) DECLARATION. (for use with the Regular Savings Plan only)
REVERT TO SETTLOR TRUST (CREATING DISCRETIONARY TRUSTS) DECLARATION (for use with the Regular Savings Plan only) Please refer to the notes in the margin when completing this form. Boxes A F should be completed
Bare Trust for use where all benefits under a policy are gifted to named beneficiaries
For customers Personal Protection Bare Trust for use where all benefits under a policy are gifted to named beneficiaries Choice of governing law Completion notes 1. Please complete all relevant sections
This Trust form is designed for use to hold the lump sum death benefits payable under the following plan types in trust:
GGA1568 FLEXIBLE TRUST FORM This Trust form is designed for use to hold the lump sum death benefits payable under the following plan types in trust: Individual Plan issued in connection with your past
For customers The Bare Gift Trust deed
For customers The Bare Gift Trust deed Completion notes 1. Please complete all relevant sections of this deed by typing in the fields or printing and completing in pen. Once complete, please print and
Trust Pack. Discretionary Discounted Gift Trust
Trust Pack Discretionary Discounted Gift Trust Discretionary Discounted Gift Trust Introduction Important Note The Discretionary Discounted Gift Trust is a discretionary trust which allows for beneficiaries
Declaration of Trust Scotland Single Settlor Flexible TD1S (11.13)
Declaration of Trust Scotland Single Settlor Flexible TD1S (11.13) Part A - Date of Trust If you are applying for a new policy and wish it to be issued in trust please tick this box and leave the date
Important Notes. Before completing the Flexible Trust, please read the following notes.
Flexible Trust Important Notes Before completing the Flexible Trust, please read the following notes. 1. This documentation has been produced for consideration by you and your legal advisers and is intended
HSBC Life (UK) Limited Flexible Trust. For new or existing life policies, life and critical illness policies or investment bonds
HSBC Life (UK) Limited Flexible Trust For new or existing life policies, life and critical illness policies or investment bonds 2 Important Notes Before completing the Flexible Trust, please read the following
Discounted Gift (Bare) Trust Deed
Discounted Gift (Bare) Trust Deed Discounted Gift (Bare) Trust Deed What is it? The Discounted Gift (Bare) Trust (DGBT) is designed for use with single premium life assurance policies, more commonly known
Declaration of Trust Scotland Single Settlor Absolute TD12S (02.14)
Declaration of Trust Scotland Single Settlor Absolute TD12S (02.14) Part A - Date of Trust If you are applying for a new policy and wish it to be issued in trust please tick this box and leave the date
D i s co u n t e d G i f t T r u s t f o r Co n v e r s i o n o f E x i s t i n g B o n d
D i s co u n t e d G i f t T r u s t f o r Co n v e r s i o n o f E x i s t i n g B o n d Before completing this Trust Deed you should take appropriate professional advice as to its suitability, ensuring
Business trust new policies only
For customers Business Protection Business trust new policies only Choice of governing law Completion notes 1. Please complete all relevant sections of the Trust document in BLOCK CAPITALS and in ballpoint
Flexible Trust. Important notes. 1. This documentation has been produced for consideration by you and your legal advisers.
Flexible Trust Important notes Before completing the Flexible Trust Deed, please read the following notes: 1. This documentation has been produced for consideration by you and your legal advisers. The
BUYOUT BOND. (discretionary trust) NOTES FOR COMPLETION
BUYOUT BOND (discretionary trust) NOTES FOR COMPLETION 1. In submitting this document then, depending on the property being gifted, you are requesting Old Mutual Wealth Life Assurance Limited to date the
Discretionary Trust Deed
Section 1 Date of Trust Date of trust DD/MM/YYYY Section 2 - People putting the Initial Assets in the Trust The Settlor means the people putting the Initial Assets in the Trust. Settlor 1 - name Settlor
discretionary trust (Scots Law) Settlor excluded post issue/se Notice: 1 Introduction This Declaration of Trust
post issue/se discretionary trust (Scots Law) Settlor excluded Notice: This draft document is provided strictly as a draft for consideration the Settlor s legal advisers. Old Mutual Wealth accept no responsibility
E s tat e P l a n n i n g
E s tat e P l a n n i n g B o n d This trust deed can only be used with the Estate Planning Bond application This deed is not to be used if you are appointing Utmost Trustee Solutions Before completing
Discretionary Trust PD (EP)
Discretionary Trust PD (EP) for existing Pension Buyout Plans and Retirement Annuity Contracts This trust incorporates By-pass provisions (see Explanatory Notes). Important If you are not sure this form
This form should only be used where the plan is owned by one person and critical illness cover has been selected.
Trust Range Split Trust This form should only be used where the plan is owned by one person and critical illness cover has been selected. Use of the Trust 1. This Trust is for your protection plan and
A GIFT FIXED TERMS BENEFICIARIES DUTIES OF TRUSTEES ADDITIONAL TRUSTEES STAMP DUTY INHERITANCE TAX (IHT) INCOME TAX IF YOU ARE IN ANY DOUBT
YOUR ABSOLUTE TRUST THIS IS A SPLIT TRUST WHERE, AT CLAIM, ANY CRITICAL ILLNESS OR TERMINAL ILLNESS BENEFITS WILL BE PAID TO THE TRUSTEES FOR THE BENEFIT OF THE SETTLOR. Suitable for Single Life or Joint
DISCRETIONARY TRUST. (English Law) settlor included
DISCRETIONARY TRUST (English Law) settlor included Notice: This draft document is provided strictly as a draft for consideration by the Settlor s legal advisers. Old Mutual International Ireland dac accept
(English Law) Settlor excluded
post issue/de discretionary trust (English Law) Settlor excluded Notes for completion 1. In submitting this document then, depending on who are to be the Original Trustees and the property being gifted,
Trust Pack. Discretionary Capital Access Trust
Trust Pack Discretionary Capital Access Trust Discretionary Capital Access Important Note The Discretionary Capital Access Trust is a trust which gives the Settlor entitlement to a fixed monetary amount.
discretionary trust (Probate Trust)
post issue/si discretionary trust (Probate Trust) (Scots Law) Settlor included Notes 1. A Settlor Included trust is not suitable for Inheritance Tax mitigation. 2. If the Settlor is to be a Trustee as
Trust Range. Isle of Man Probate Trust. Completing the trust form
Trust Range Isle of Man Probate Trust This deed is provided as a draft to be considered by you and your professional adviser. We can accept no responsibility for the tax or any other consequences arising
Trust Pack. Discretionary Gift Trust
Trust Pack Discretionary Gift Trust Important notes The Discretionary Gift Trust is a discretionary trust. This means that there is complete flexibility for beneficiaries to be changed if required. For
Lifestyle Trust. (Isle of Man Discretionary version) post issue. Notes for completion. Identifying the parties
post issue Lifestyle Trust (Isle of Man Discretionary version) This deed can be used where Old Mutual International Trust Company Limited or individual trustees are to be appointed as Trustee. Old Mutual
(Manx Law Discretionary version) February 2017 Unlimited Liability.
LOAN TRUST DEED (Manx Law Discretionary version) February 2017 Unlimited Liability. An unlimited liability loan trust means the loan agreement does not limit the trustees liability to repay the loan to
Trust Deed. Flexible Future Benefit Trust
Trust Deed Flexible Future Benefit Trust Important Note The Flexible Future Benefit Trust is a trust which enables an individual (the Settlor) to establish a Friends Provident International Limited (Friends
(English Law Unlimited Liability)
pre issue/lt loan trust (discretionary version) (English Law Unlimited Liability) Notes for completion An unlimited liability loan trust means the loan agreement does not limit the trustees liability to
A guide to the Excluded Property Trust
A guide to the Excluded Property Trust > Contents Who is the trust designed for? 3 What advantages does the trust offer? 4 What is the Excluded Property Trust? 5 How the Excluded Property Trust works in
LOAN trust DEED. (English Law bare version) June 2016
LOAN trust DEED (English Law bare version) June 2016 Notes for completion The following notes are referenced throughout this document. Please read them carefully as they will help you complete this document
The Pension Death Benefits Trust (English law version)
For customers The Pension Death Benefits Trust (English law version) Page 1 of 12 Completion notes 1. This document must only be used if you wish the Trust to be governed by the law of England and Wales.
Aviva Partner or Director / Shareholder Trust
Aviva Partner or Director / Shareholder Trust How to complete this trust form Please note that creating a trust can have legal and taxation consequences. You should consult your own professional advisers
FOR USE WITH NEW APPLICATIONS OR WITH EXISTING POLICIES
FLEXIBLE GIFT TRUST (DISCRETIONARY TRUST) FOR USE WITH NEW APPLICATIONS OR WITH EXISTING POLICIES This trust does not allow for any part of the trust fund or any income, to be paid for the benefit of the
The Succession Trust. Trust Deed. For Whole of Life Policies
The Succession Trust Trust Deed For Whole of Life Policies 1 The Succession Trust Trust Deed Introduction The Succession Trust is intended for those who wish to transfer ownership of an asset, but need
absolute trust (English Law) Notes for completion post issue/ca
post issue/ca absolute trust (English Law) Notes for completion 1. In submitting this document then, depending on who are to be the Original Trustees and the property being gifted, you are requesting Old
Discretionary. (Manx Law Settlor excluded) February Notes for completion
Discretionary Trust deed (Manx Law Settlor excluded) February 2016 This is a Trust created by gift from which you (as Settlor) cannot benefit. The Beneficiaries are not specifically named. These potential
BUSINESS PROTECTION LEGAL & GENERAL S BUSINESS PROPERTY WILL TRUST SOLUTION.
BUSINESS PROTECTION LEGAL & GENERAL S BUSINESS PROPERTY WILL TRUST SOLUTION. 2 BUSINESS PROTECTION CONTENTS INHERITANCE TAX PLANNING WITH BUSINESS PROPERTY WITHOUT WILL TRUST PLANNING WITH WILL TRUST PLANNING
OCTOPUS. Trust Transfer Pack INHERITANCE TAX SERVICE. Got a question? Return your completed form and documents to:
OCTOPUS INHERITANCE TAX SERVICE Trust Transfer Pack Return your completed form and documents to: Octopus Investments Limited PO Box 10847 Chelmsford CM99 2BU Got a question? Please speak to your adviser
(Manx Law Bare version) August 2018
LOAN trust DEED (Manx Law Bare version) August 2018 This deed can be used where personal trustees are to be appointed as Trustee. All references to Old Mutual International in this form mean Old Mutual
LOAN TRUST (CREATING FIXED TRUST INTERESTS) DECLARATION AND LOAN AGREEMENT
LOAN TRUST (CREATING FIXED TRUST INTERESTS) DECLARATION AND LOAN AGREEMENT Please refer to the notes in the margin when completing this form. Boxes A G should be completed clearly and correctly as described.
(English Law Discretionary version)
post issue/dd Discounted Gift Trust (English Law Discretionary version) Notes for completion The following notes are referenced throughout this document. Please read them carefully as they will help you
SUITABLE FOR NEW APPLICATION OR EXISTING POLICIES
FIXED GIFT TRUST SUITABLE FOR NEW APPLICATION OR EXISTING POLICIES This trust does not allow for any part of the trust fund, or any income, to be paid for the benefit of the settlor Policy Number: Life
Trust Deed The Discretionary Loan Trust. F undsnetwork Trusts
Trust Deed The Discretionary Loan Trust F undsnetwork Trusts Completion notes FundsNetwork cannot give advice regarding the legal or tax effects the FundsNetwork Trusts, will not accept responsibility
Partners Cross Option Agreement
Business Protection Partners Cross Option Agreement IMPORTANT NOTES Before completing the Partners Cross Option Agreement, please read the following notes. 1. This documentation has been produced for consideration
Flexible Trust. Settlor as trustee with optional survivorship clause. This declaration of trust is made on / / (DD/MM/YYYY) Between 1:
Flexible Trust Settlor as trustee with optional survivorship clause This declaration of trust is made on (DD/MM/YYYY) Between 1: Full name of first plan owner of address of first plan owner and Full name
Adviser guide The Discretionary Gift Trust
This document is for investment professionals only and should not be relied upon by private investors. Adviser guide The Discretionary Gift Trust FundsNetwork Trusts Contents 1 The FundsNetwork Discretionary
Discounted Gift Trust
Discounted Gift Trust pru.co.uk Contents Inheritance tax planning 3 What can the Discounted Gift Trust do for you? 4 Choice of trusts and inheritance tax 5 How does the trust work? 7 Income tax 9 How to
(English Law - Bare version)
post issue/da Discounted Gift Trust (English Law - Bare version) Notes for completion The following notes are referenced throughout this document. Please read them carefully as they will help you complete
Customer Guide Prudence Inheritance Bond
Customer Guide Prudence Inheritance Bond Prudence Inheritance Bond Inheritance tax might be called the voluntary tax as there is much that you can do to reduce it or not pay it at all. Inheritance Tax
Scheme Rules. S/RO6 rules booklet
Scheme Rules S/RO6 rules booklet Contents Rule Page 1. Scheme status, definitions and interpretation 4 1.1 Scheme status 4 1.2 Contracted-out Scheme 4 1.3 Definitions 4 1.4 Interpretation 5 1.5 Transitional
Discretionary Discounted Gift Trust. Adviser s Guide
Discretionary Discounted Gift Trust Adviser s Guide Adviser s Guide to the Discretionary Discounted Gift Trust This guide is for use by Financial Advisers only. It is not intended for onward transmission
additional loan agreement and acknowledgement of receipt of loan by trustees
additional loan agreement and acknowledgement of receipt of loan by trustees This agreement is for use with the existing Loan Trusts offered by either Old Mutual Wealth Life Assurance Limited, Old Mutual
SUITABLE FOR NEW APPLICATION OR EXISTING POLICIES
FIXED GIFT TRUST SUITABLE FOR NEW APPLICATION OR EXISTING POLICIES This trust does not allow for any part of the trust fund, or any income, to be paid for the benefit of the settlor Policy Number: Life
Loan Plan. Flexible Trust LP30FTRUST Wrap cases only. Important. Part A Date of Trust. Part B My Details (Settlor(s)) Wrap Account details
Loan Plan Flexible Trust Wrap cases only LP30FTRUST 0817 Wrap Account details Account number Account name Important This trust is only suitable if you (the Settlor(s)), your Trustees and all of your Beneficiaries
Trust Deed. Discretionary Gift Trust
This trust deed may be used for policies issued by: Canada Life Limited Canada Life International Limited CLI Institutional Limited Canada Life International Assurance (Ireland) DAC Discretionary Gift
BY-PASS TRUST FOR USE WITH DEATH BENEFITS UNDER A LONDON & COLONIAL SIPP CLIENT GUIDE (April 2011)
CONTENTS BY-PASS TRUST FOR USE WITH DEATH BENEFITS UNDER A LONDON & COLONIAL SIPP CLIENT GUIDE (April 2011) 1. INTRODUCTION SIPPs AND INHERITANCE TAX 2. DEATH BENEFITS THAT CAN BE PAID UNDER THE LONDON
Gift scheme Trusts Completion guide.
estate planning Gift scheme Trusts Completion guide. This guide is intended to assist you in completing the Trust documentation. Before completing the Trust deed: 1. Ensure that you have consulted your