»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp rules of intestacy can provide for assets to be held in a statutory trust (TSEM6120). »Ê¹ÚÌåÓýapp trustees of these statutory trusts are usually also the administrators of the estate. Administrators, owning trust property, change to trustees, owning the same property. »Ê¹ÚÌåÓýapp change occurs at the date they assent to the property vesting in themselves as trustees. »Ê¹ÚÌåÓýappre is no problem if the administrators give assent in writing, but this rarely happens. It is often necessary to look at other evidence to determine the date of change.

If any beneficiary of a statutory trust is under age 18, the trustees must include

• a trust corporation (for example the Public Trustee or a bank), or
• at least 2, and not more than 4 persons.