Probate Trust

Also called the Discretionary Trust - settlor included

A trust that your client, the settlor, can benefit from, is created by means of a gift, where beneficiaries can be added to, and the trustees use their discretion to decide who may benefit from the trust and when. The beneficiaries cannot demand their rights from the trustees.

Upon death of the settlor, benefits of the plan are paid into the trust without the delay that would arise from the need to obtain a grant of probate/letters of administration.  

Read about Probate Trusts

Visit the Trustability Hub for useful support materials about trusts.

Visit the Trust Form Finder to access all the forms you will need to set up a trust. 

Please Note