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Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3655
Experience:  Solicitors 2 years plus PQE
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I need to register a company to act as a trustee for a trust.

Resolved Question:

I need to register a company to act as a trustee for a trust. Are there special articles and memo, or will a standard set be suitable?
Submitted: 2 years ago.
Category: Law
Expert:  Alex J. replied 2 years ago.
Alex J. :

Hi, Thank you for your question and welcome.

Alex J. :

My name is ***** ***** I will assist you.

Alex J. :

Companies formed after October 2009 - do not have objects in the memorandums anymore.

Alex J. :

If the only purpose of the company is to hold property on behalf of a trust and act as a trustee then standard Model Articles should suffice.

Alex J. :

I would only mention that you could put in provisions that restrict the company's activity for example not allow it to trade or borrow money - but this is not essential.

Customer:

Thats very clear and understood. Thank you.

Alex J. :

You should also consider including a provision that says the company can be wound up if the trust ceases to exist.

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