Usually one business day, from the time that trust writer Randall receives your order. Typically it can be one business day, but it depends upon questions he will ask you, your answers, his work load, how fast you respond, what special documents may be needed, customizations, unique arrangements, etc. For example, he might make you settler (grantor) and beneficiary, or he might make you trustee, depending on your particular use of the trust, intended relationship, and availability of friends or family members to fill any of those roles. Sometimes a client is asked to find someone who is willing and qualified to play the role of trustee, and sometimes clients can take longer than expected to negotiate that arrangement with their friend or family member. So that timing depends upon the client, not upon Randall. If the client plays the role of trustee, then a decision has to be made as to who will fill the roles of settler and beneficiary. This is all arrived at in one-on-one discussions with Randall, and then it is up to the client to decide. Once all this is clear, Randall can basically produce the trust documents within one day.
How long does it take to set up a Common Law Trust? Print
Modified on: Mon, 20 Jul, 2015 at 8:17 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.