Drafting a Inter Vivos trust
Types of Trusts
Arken Lifetime allows you draft different Type of Trusts. Once you have created the document, please navigate to the Types of Trust section, you will be able to choose from the following:
Interest in Possesion Trust Non Discretionary
Flexible Life Interest Trust
Discretionary Trust
Charitable Trust
Pension Death Benefit Trust
Pilot Trust
Declaration of Trust
Expression of Wishes
Bare Trust
Vunerable Person's Trust
Life Insurance Policy Trust
Completeing the Questionnaire
Once you have selected a trust, new tabs will populate on the left - different tabs may show depending on what trust you have selected.
The drafting of this Document will function very similarly to a
Will document, this article will highlight the main differences. You
need to answer all
outstanding questions, and you can also
mirror documents between spouses and existing documents from your client.
These tabs will allow you to elect a Settlor, Name of Trust and add Recitials.
Once all outstanding fields have been completed, you can proceed to download the
document.