Private Trust
Wills & Probate Services
Planning for the future involves not just your own well-being, but also the security of your loved ones.
Our Wills & Probate Services offer a comprehensive solution to ensure your wishes are clearly documented and your legacy is protected.
PAC Trustees as executors of the will and last testament of the deceased are very aware of the importance of honouring the last wishes of the deceased after the deceased is gone.
Our Expertise:
- Crafting a Personalised Will: Our experienced estate planning professionals will guide you through every step of the process. We'll work closely with you to understand your unique family dynamics, financial situation, and most importantly, your wishes for the distribution of your assets. Together, we'll craft a personalised will that accurately reflects your desires and ensures your legacy is honored.
- Beyond Wills: Minimizing Conflict & Streamlining Probate: Planning for the future goes beyond simply creating a will. We understand that family dynamics can be complex. PAC Trustees offers expert guidance on minimizing potential conflicts and ensuring a smooth transition of your assets.
- Expert Probate Administration: The probate process can be lengthy and overwhelming for your loved ones during a difficult time. Our dedicated team takes the burden off their shoulders. We handle all aspects of probate efficiently and effectively, ensuring your assets are distributed accurately and according to your will.
Living Trust
We understand the importance of planning for your future and protecting the well-being of your loved ones.
A Living Trust is a powerful tool that allows you to manage your assets effectively during your lifetime and ensure a smooth transition upon your passing.
Our experienced team can guide you through the Living Trust creation process, ensuring the document aligns with your specific needs and goals. We can also act as your Trustee, providing professional and responsible management of your assets for your benefit and ultimately, for the benefit of your beneficiaries.
A Living Trust with PAC Trustees:
- Flexible Asset Management: Maintain control over your assets while you're alive. In case of incapacity, your designated Trustee can seamlessly manage your finances according to your instructions.
- Bypassing Probate: Living Trusts can significantly simplify the inheritance process. Assets held within the Trust typically avoid probate court, saving your beneficiaries time, money, and unnecessary stress.
- Enhanced Control & Security: You have the flexibility to establish specific guidelines within the Trust Deed, ensuring your assets are distributed according to your wishes. This is particularly beneficial for beneficiaries with special needs or those requiring ongoing financial support.
Nominee Services
We understand the importance of protecting your privacy and safeguarding your assets.
Our Nominee Services offer a discreet and secure solution for holding a variety of assets in our name, acting as a trusted third-party owner.
Our nominee services are suitable for holding a wide range of assets, including:
- Stocks and Bonds
- Real Estate
- Art and Collectibles
- Investment Accounts
We assure you:
- Discretion & Privacy: Our nominee service allows you to hold assets in our name, acting as a discreet third-party owner. This protects your privacy, particularly regarding the nature and value of your assets.
- Reduced Fraud Risk: By holding assets in a nominee account, you minimise the risk of theft or fraudulent activity perpetrated against you or your loved ones.
- Streamlined Ownership Transitions: Our nominee service ensures a smooth and efficient transfer of ownership upon your instructions or in accordance with your pre-determined estate plan. This eliminates the need for complex legal procedures and minimises delays for your beneficiaries.
FAQ
A Private Trust is a legal arrangement where you transfer ownership of assets (Grantor) to a Trustee (PAC Trustees) to manage for the benefit of yourself (living trust) or your beneficiaries (testamentary trust) upon your passing. Private Trusts offer a multitude of advantages:
- Asset Protection: Shield your assets from potential risks like creditors or lawsuits.
- Estate Planning: Facilitate a smooth transfer of wealth to your beneficiaries, potentially avoiding probate.
- Financial Management: Appoint a trusted professional to manage your assets for your benefit, especially if you become incapacitated.
- Flexibility: Design a Trust tailored to your specific needs and wishes, ensuring your legacy is carried out according to your desires.
- Privacy: Certain Trust structures offer increased privacy compared to a Will, which becomes a public record during probate.
We handle all aspects of Private Trust administration, including:
- Trust Agreement Drafting & Review: Collaborate with your legal counsel to draft and review the Trust agreement.
- Asset Custody & Management: Securely hold and manage Trust assets according to the agreement.
- Recordkeeping & Reporting: Maintain accurate records and provide regular reports on Trust activity.
- Compliance Monitoring: Ensure the Trust adheres to all legal and regulatory requirements.
- Distribution of Funds: Distribute Trust assets according to the Trust agreement and your instructions.
The assets in your Trust will be distributed to your designated beneficiaries according to the terms outlined in the Trust agreement, bypassing probate court. This can streamline the inheritance process and minimize delays for your loved ones.
The ability to modify a Trust depends on the specific type of Trust established. We will discuss the specific terms with you during the creation process.