Trusts

Overview

Why Use Cofunds For Trusts?

Cofunds is already established as the ideal place for your clients to invest. But have you considered how those clients who hold investment funds within a trust could also benefit by using Cofunds? Key benefits of using Cofunds for trusts include:

• Consolidation

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  One place for all your clients' fund investments held within a trust. Cofunds will also provide a consolidated tax voucher once a year

• Control

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  Trustees can be added or removed without having to inform each fund manager individually

• Cost effectiveness

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  Switching assets is more cost efficient through Cofunds. Unlike fund managers, we don't wait for settlement of the redemption but invest the switch proceeds at the next valuation point

• Commission

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  One consolidated commission payment for all the investments within the trust

• Convenience

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  If you would prefer not to send us a Certified Copy of the Trust Deed of Will & Probate, simply complete the Cofunds Trusts Verification Form.

Charges

Access My Trading Terms to create a personalised fund charge schedule with tailored terms for your portfolios.

Setting Up A Trust

View details of how to set up a Legal and General Portfolio Bond Discounted Gift Scheme here.

1. Step 1

   Download the Application form and any other disclosure documentation specific to the chosen product. Including, where available, the Trust deed, Investor Guide and Loan agreement (if applicable).

2. Step 2

   Ensure all documentation is fully read, understood and completed by the investor.

3. Step 3

   Send, with any applicable cheques, to the following address: Cofunds Limited, PO Box 1103, Chelmsford, CM99 2XY.

Points To Remember

• Setting up a Trust

  - Trusts are registered in the name of the trust, with trustees/executors as authorised signatories.

• Trust forms

  - When setting up a trust investment, please use our Trust Application/Transfer forms.

• Trust verification forms

  - Cofunds has developed a Trust Verification Form which can be used as an alternative to sending in a Certified Copy of a Trust Deed or Will & Probate. This form is included within the Trust Application/Transfer forms section of the Document Centre. Note: There are specific Trust Verification Forms for the Discretionary Loan Trust, Discretionary Gift Trust, Bare Gift Trust.