Get Scottish Provident Trust Forms

Filling out the Scottish Provident Trust Forms online can simplify the process of establishing a trust and managing policy proceeds. This guide will walk you through each necessary step, ensuring you have a clear understanding of how to complete these forms effectively.

Follow the steps to complete the Scottish Provident Trust Forms online.

1. Press the ‘Get Form’ button to access the trust form and open it within your chosen editor.
2. Begin by entering the date of the declaration of trust. This date should correspond to the day you are completing the form.
3. Provide the full names, including middle names, and addresses of the persons making the trust. This information is critical to identify the Donor and should be entered in the designated section.
4. Specify at least one Additional Trustee, and if applicable, up to three. This section requires the names and addresses of the proposed trustees to ensure proper management of the trust.
5. Fill in details regarding the policy to be transferred into trust. Indicate whether the policy is existing or pending issuance and provide the policy number accordingly.
6. Identify the Named Beneficiaries and their Appropriate Shares in accordance with the chosen trust type. Ensure that the total share amounts to 100%.
7. Complete the section for Discretionary Beneficiaries only if you have selected the Discretionary Trust option. This includes potential beneficiaries who may receive shares from the trust.
8. Choose between the Bare Trust and the Discretionary Trust forms by initialing the corresponding box. Note that all donors must select the same form.
9. Sign the trust form in the presence of an independent witness. The witness must also provide their signature and details as required.
10. Finally, ensure that the signed form is returned to the issuing company for noting. Keep a copy of the completed form with the policy documents.

Start filling out the Scottish Provident Trust Forms online to secure your trust today!