Writing A Trust – What Are The Roles Of The People Involved
There are three very distinct personnel involved when you write aand it is the job of our London based Will Writers to explain each of them, and this can be done in the comfort of your London home.
If you write ayou are known as the settlor. The role of the settler is to appoint trustees to administer the and decide who the beneficiaries will be. They will of course, be the person who decides what assets or property go into the trust. So who can be a trustee, well someone aged 18 or over, who is of sound mind.
The Trustees are the persons you choose to administer thefund for the sole benefit of the beneficiaries
Our London based Will Writers are trained to assist you in the selection of your trustees. Our Will Writers will emphasis the important of choosing someone who is financially astute as it is the role of the trustees to make sure the money is invested wisely.
When creating aour Will Writers are trained to challenge potential conflicts of interest. They also ensure that when we write a at Niche Advice we give strict instructions that a minimum of two trustees are appointed. We have borrowed this best practice from Scottish legislation and applied here in London.
Finally, one or more of the trustees could be aCorporation to help give a professional judgement.
These are the recipients of the benefits you are giving away. How and when they receive the assets can be specified.
Hopefully this has given a clear picture of who is involved in thewriting process and our Will Writers are on hand if you decide to make a trust.
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