How do I allocate assets in my Will to an existing trust?
For existing Trusts, assets have to be given to the Trustee to be placed in the Trust. You can add these as a Beneficiary as follows:
| Full Name: |
| {Name of Trust Company}, {UEN or Other Registration No.}, as Trustee of {Name of Trust} established on {Date} |
| Relationship: |
| Others - - [relationship will not be printed] |
If the Trust has a specific Trust Account Number or any other details, you can also add it at the end to the name:
| Full Name: |
| {Name of Trust Company}, {UEN or Other Registration No.}, as Trustee of {Name of Trust} established on {Date}, {Trust Account Number} |
| Relationship: |
| Others - - [relationship will not be printed] |
You should also check with the Trust company if they have any particular phrasing or clauses that need to be included in the Will. Do note that any wishes on the existing Trust for the Trustee should be recorded in the Letter of Wishes (instead of the Will).
Once the existing Trust is added as a Beneficiary, you can allocate the asset(s), including in the Residual Assets section, as per any other Beneficiary.
