Scottish provident trust forms 2026

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The document outlines the structure and provisions of a Gift Trust, specifically a Bare Trust or a Discretionary Trust, designed for use with policies issued by Scottish Provident. It explains the purpose of the trust in relation to Inheritance Tax, detailing the roles of the Donor and Trustees, the selection of Named Beneficiaries, and the implications of each trust type on tax liabilities. The document emphasizes that the Donor should not be a beneficiary to maintain tax effectiveness and advises seeking legal and taxation advice before establishing the trust.

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Click ‘Get Form’ to open the Scottish Provident Trust form in the editor.
Begin by filling in the Declaration section, including the date and your full name as the Donor. Ensure all details are accurate.
In the Definitions section, specify your name and address, along with any Additional Trustees you wish to appoint. Remember, at least one independent Trustee is recommended.
Choose between a Bare Trust or Discretionary Trust by initialing the appropriate box in the Choice of Trust Provisions section. This decision impacts tax treatment.
Complete the Named Beneficiaries section by listing their names and Appropriate Shares. Ensure that these total 100% and that you do not include yourself as a beneficiary.
Sign the form before a witness who must also sign. Make sure all signatures are dated correctly before submitting it back to the issuing company.

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