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  • Flexible Trust Declaration Form (pdf) - Hsbc

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HSBC Life (UK) Limited Flexible Trust For new or existing life policies, life and critical illness policies or investment bonds23Important Notes Before completing the Flexible Trust, please read the.

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A Flexible Trust is similar to a Discretionary Trust, but includes both default beneficiaries and discretionary beneficiaries. The default beneficiaries automatically receive a portion of the trust fund, while the discretionary beneficiaries will only benefit if the trustees choose for them to do so.

A Flexible Trust is a legal arrangement which allows the owner of a life policy (the settlor) to give their policy to a trusted group of people (the trustees), who look after it. At some time in the future they pass it on to some people from a group that the settlor has decided (the beneficiaries).

HSBC Life offer a range of trusts are available on an absolute or discretionary basis, can invest in the HSBC Onshore Investment Bond and are provided at no additional cost.

One of the great advantages of Trusts is the flexibility they can provide. None of us know what the future may hold and so the Trust Deed is usually drafted to provide as much flexibility as possible by giving Trustees wide powers.

A Flexible Trust is similar to a Discretionary Trust, but includes both default beneficiaries and discretionary beneficiaries. The default beneficiaries automatically receive a portion of the trust fund, while the discretionary beneficiaries will only benefit if the trustees choose for them to do so.

They are different to discretionary trusts as, in discretionary trusts, the beneficiaries have no absolute rights to the trust assets, whereas in bare trusts, beneficiaries have absolute rights to the trust assets and the trustee must act in ance with their instructions.

As a legal document, a declaration of trust is used to establish a new trust or to confirm the terms of an existing trust. When creating a new trust, the declaration of trust establishes the trustees and the beneficiaries of the trust, and clearly states the terms and conditions of the agreement.

What are Discretionary Trusts? The heading “discretionary trust” covers a wide range of trusts and is probably the most common form of trust. In short, it is a very flexible form of trust that allows the trustees to apply the income and capital of the trust for the beneficiaries at their (the trustees') discretion.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232