Follow the steps to complete the form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in a digital format.
2. Read the instructions carefully, especially regarding whether establishing a discretionary trust suits your needs. Consulting with a legal adviser is recommended prior to completing the form.
3. Proceed to Section A: Definitions. Familiarize yourself with the terms defined here to ensure that your understanding aligns with the language used in the document.
4. In Section B: The Trust Provisions, review the clauses to understand the powers granted to trustees and how they relate to potential beneficiaries. Pay attention to points regarding the appointment of trustees and the management of the trust fund.
5. In Section C: The Declaration of Trust, fill in the required information for the policyholders and additional trustees. Ensure accuracy when providing full names and addresses for all parties involved.
6. Identify potential beneficiaries by providing names and addresses in the designated section. Make sure to list anyone who should receive benefits from the trust.
7. Indicate your choice regarding the terminal illness benefit by marking either ‘Retained by the Settlor’ or ‘Gifted to the Trust’.
8. Complete the named beneficiaries section, specifying how benefits will be shared among them and ensuring clarity in percentages.
9. List any excluded persons who should not be considered beneficiaries. Provide their names and addresses clearly.
10. Review the form thoroughly for any errors or omissions before proceeding to the execution of the trust. Ensure all signatures are correctly witnessed by individuals who meet the criteria set out in the form.
11. Once satisfied with the form, save your changes, download, print, or share the document as needed to finalize your trust setup.

Start completing your UK AIG Life EDCO0856 online today for effective management of your trust.