How to put assets into a Family Trust Fund

It is possible to place almost anything of any value into trust, from property, stocks and shares to actual cash. Once you have decided what you are going to put into trust, you need to decide on the following;

• Who is going to benefit? List the names of beneficiaries.
• Who is going to manage the account? List the names of trustees. These should be people who are well organised, well trusted and preferably have managed a trust before. It could even be a solicitor.
• Decide on any specific conditions you may want to list in the deeds. This could be details of when the beneficiary is permitted access to the asset, conditions on how the asset is used etc.

Once you are clear on the above, it is wise to seek advice from a solicitor or a company who specialises in trust funds. Many insurance companies may also offer this service.

The solicitor will require all the legal paperwork which is relevant to the asset. IE; details of stocks and shares, deeds to the house, etc. These will then be checked, as will the terms and conditions of the deeds, and the solicitor witnesses the signing of the document by the settlor(s). The deeds are then registered and at this point become legally binding.

Download the Family Trust PDF Guide here - see our other free PDF guides here

Guide Contents

What is a Family Trust?
Why a Trust Fund?
The different types of Family Trusts
How to put assets into a Family Trust Fund
Frequently Asked questions about Family Trusts
Where to get more help and advice about Family Trusts

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