What happens in the future can depend on the decisions we make today. Nolans Trusts and Asset Planning specialists help you, no matter what stage of life you're at, create structures that suit your needs now and in the future. We have expertise to assist with that farm re arrangement or succession plan.
We also provide the following ancillary services:
Your lawyer will talk with you about your situation and assess what the best options are for you. You will need to make some decisions like who will be the trustees and beneficiaries.
Then they will draft a trust deed which meets your needs to discuss with you. Initially there will be a trust deed along with an initial resolution of the trustees to prepare and sign.
Usually when a trust is established assets are transferred to it. If your trust set up involves this there will be additional documents (like an agreement for sale and purchase) between you and the trust to transfer assets.
Documents dealing with how the price for those assets is to be paid and depending on your situation bank documents may also need to be prepared and signed. A valuation of the asset may be required to ensure they are transferred at the correct value.