Get Flexible Trust Declaration Form (pdf) - Hsbc

Filling out the Flexible Trust Declaration Form provided by HSBC is a crucial step for managing life policies effectively. This guide offers clear, step-by-step instructions to ensure you successfully complete the form online, tailored for users with varying levels of legal experience.

Follow the steps to complete your Flexible Trust Declaration Form.

1. Click the ‘Get Form’ button to obtain the form and open it in an editor.
2. Begin by entering the full name(s) and address(es) of the Settlor(s). Ensure you do not use initials. The Settlor(s) should be the legal or beneficial owner(s) of the policy at hand.
3. If the policy already exists, confirm that the Settlor(s) wish to hold the specified policy as Trustee(s). If applying for a new policy, indicate that you are submitting a proposal to HSBC to issue the policy.
4. Complete the Trust Terms section, describing how the policy will be held in trust. Specify any applicable funds like the Retained Benefits Fund and the Gifted Benefits Fund as necessary.
5. Fill out Schedule A with potential beneficiaries, as outlined. Include their full names and, if desired, their dates of birth.
6. In Schedule B, identify Named Beneficiaries. Specify the percentage allocation of proceeds for each beneficiary, ensuring the total adds up to 100%.
7. For Schedule C, provide identification about the original policies. Include dates of proposal, policy numbers, types of policies, and the insurer's name.
8. Ensure to sign and date the form as the Settlor(s), confirming that you have read the trust powers, provisions, and notes in the document.
9. After filling out all sections, review the form against the completion checklist to verify that all necessary fields are accurately filled.
10. Save your changes, then download, print, or share the completed form for submission to HSBC.

Get started on your Flexible Trust Declaration Form today by completing the process online.