How is a discretionary trust set up with investment bonds/ut

[possol1]

I may need to set up 2 285k discretionary trusts via a solicitor.

One trust is going to have part of a property inside and the other investments such as investment bonds and a few unit trusts .

How do the investments get into the trust?

Does the solicitor set up the trust and then the trustees then apply for the investments?

Sorry all new to me.

[Arnold Aaron]

You will have to open a Trust bank account once the solicitor has set up the trust, and the pay the proceeds from it into the investment vehicle.

www.ihtconsultancy.co.uk

[Lee Young]

You will transfer the property at the Land Registry into the names of the trustees, and the other assets will be transferred or assigned in to the ttrust. The solicitor should have advised on all of this and much more.

[bill on line]

Hi Lee

A question about your reply about the property trustees and land registry.

Would the land registery need to have the property registered in the name of just one trustee or all of the trustees of the settlement?

Iain

[Lee Young]

All of the trustees is better, but if in the name of one trustee that person should execute a declaration of trust confiming he/she owns the property on the terms of the trust.