Get Aig - Bare Trust - Aig Life - Aiglife Co

Completing the AIG - Bare Trust declaration form online is a straightforward process that helps establish a bare trust where the benefits of a life insurance policy will be held for designated beneficiaries. This guide provides clear, step-by-step instructions to assist users in accurately filling out the form.

Follow the steps to complete your Bare Trust declaration form.

1. To start, locate and activate the ‘Get Form’ button to access the AIG - Bare Trust declaration form. This will allow you to view and edit the document online.
2. Section A: Definitions. Review the definitions provided to understand terms such as Settlor, Beneficiary, and Trustees, as these terms will be essential when completing the form.
3. Section B: The Trust Provisions. Familiarize yourself with the provisions laid out in this section, as they establish the rules and responsibilities regarding the management of the trust.
4. Section C: The Declaration of Trust. Fill in the required details, including the date, cover reference, and cover type. This section also requires signatures from the Settlor and all appointed Trustees.
5. Beneficiaries section. List the names and addresses of all beneficiaries, along with their corresponding share percentages or descriptions of gifts. This information is crucial for the distribution of the Trust Fund.
6. Terminal illness benefit. Indicate whether the terminal illness benefit is to be retained by the Settlor or gifted to the Trust by marking the appropriate option.
7. Execution of Trust. Ensure that all parties, including the Settlor and Trustees, have read and understand the declaration form. Secure independent witnesses for each signature to validate the document.
8. After completing the form, save your changes. You can then choose to download, print, or share the completed document as needed.

Start completing your AIG - Bare Trust declaration form online today to secure your beneficiaries' future.