Revocable Trust
Irrevocable Trust
Trustee
Settlor
2006-07-27 12:03:14 · 7 answers · asked by Anonymous in Politics & Government ➔ Government
you will have to see a laywer
2006-07-27 12:06:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1st of all you need to be over the age of 18, be of sane mind, and have legal assets with which to set up a trust with.
These include cash, stocks/shares, property, boats etc.
2nd, AVOID SPEAKING TO LAWYERS ETC FIRST, as you WILL be charged for their time. Lawyers will be dealt with during the setting up of the trust so leave that to the trustees (the Trust Company)
Go to a Trust Company. They will advise you of what to do next to set up a trust.
Be advised, you will need a lot of personal documents so make sure your passports ets are up to date.
If in doubt about which Trust Company to choose, speak to your bank or a trusted financial adviser as to who is best.
There is usually no charge for that information.
You will be charged fee's for creating a trust, and that may be annual, or a lump sum, for the management of the trust by the trustees.
All the best.
2006-07-27 19:19:37 · answer #2 · answered by TK 3 · 0⤊ 0⤋
Hire a lawyer or buy a book called "Make Your Own Living Trust" from Nolo Press. For introductory information, click here:
http://www.nolo.com/resource.cfm/catID/9F594B71-B41B-4513-923BF19B4D9ACDAA/309/227/
2006-07-27 19:08:43 · answer #3 · answered by NC 7 · 0⤊ 0⤋
A solicitor is the only reliable way
2006-07-31 00:53:07 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i'am very sorry to hear that you need one, i've got one as i've got a double hernia,and i know what its like, makes my eyes water some times
2006-07-27 19:12:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
see a lawyer
2006-07-27 19:11:24 · answer #6 · answered by Star 2 · 0⤊ 0⤋
see your bank manager/accountant
2006-07-30 21:11:54 · answer #7 · answered by mini prophet of fubar 5 · 0⤊ 0⤋