will trust

[richarda]

As an executor of a friends estate, I need to execute a Testamentary or WILL Trust on behalf of a 17 year old until such time as he reaches 21 years of age (3 years and 10 months away). The capital sum involved however is relatively small - a little over £10,000. How do I go about this ? Where do I find such trusts ? Is it worth paying for professional financial advice when the fees for such will be taken from the capital sum ? What are the tax implications ?

[maths]

Does not the will set out all the terms of the trust and identify who are to be the trustees?

Assuming it does (as would be normal), then the trust is in effect already created and all that is required is for the relevant property in the estate to be transferred to the trustees.