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Bare Trust from Aviva (for use by single or joint settlers) Guide to completing the Deed: To help make it easier to complete this Deed, look out for the instruction notes. These notes are for guidance
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Bare trust from Aviva is a legal arrangement where the trustee holds assets on behalf of a beneficiary, but has no discretion or control over those assets. Aviva offers bare trust services to individuals and provides them with a secure and transparent way to manage their assets.
Individuals or entities who wish to establish a bare trust with Aviva and hold assets on behalf of a beneficiary are required to file a bare trust from Aviva.
To fill out a bare trust from Aviva, you need to provide information about the trustee and beneficiary, details of the assets being held in the trust, and any specific terms or conditions governing the trust. This information can be provided through Aviva's online portal or by contacting their customer service.
The purpose of a bare trust from Aviva is to provide a legal structure for holding assets on behalf of a beneficiary. It allows for the separation of legal ownership and beneficial ownership, providing the beneficiary with a secure and transparent means of managing their assets.
The bare trust from Aviva requires reporting of information such as the names and contact details of the trustee and beneficiary, details of the assets held in the trust, and any terms or conditions governing the trust. Additionally, any changes to the trust or its beneficiaries must be reported to Aviva.
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