Pruprotect Discretionary Trust Form

Pruprotect Discretionary Trust Form. A trust is formed as a legal relationship when one person, the settlor, gives control of his or her assets under another with the goal of achieving a specified purpose. Before you complete this form, we would recommend that you read our 'Guide to Trusts' and speak to a legal adviser.

At some time in the future they pass it on to some people from a group that the settlor has decided (the beneficiaries). Before you complete this form, we would recommend that you read our 'Guide to Trusts' and speak to a legal adviser. A discretionary trust exists where the trustees are given a discretion to pay or apply property (the income or capital or both) to or for the benefit of all or anyone selected from a group or class of objects on such A trust power is in substance a discretionary trust but, in form, the gift resembles a power.

We can also draft all related legal documents associated with establishing a trust, including consent forms and minutes of trustees.

A trust has assets that are usually distributed over time to the beneficiaries of the trust.

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Please fill out and submit the Discretionary Trust Form. The trustees would then distribute the beneﬁt according to the terms of the trust. When a discretionary trust is formed, the trustee may take on a more influential role than in other types of trusts.