The email address is crucial because you will receive a copy by email for your approval prior to the completion of the document.
The phone number is only crucial if we are delivering the Trust by courier or Registered Mail.
This can be anything you choose e.g. The ABC Trust or The CDE Trust but it must end with "Trust" although the word "The" is not needed.
The most popular locations are Nevis, Belize or St Vincent but in reality it makes little difference where the trust is located. Ideally the trust should not be located somewhere where you plan to reside or do business.
The Settlor, sometimes called the Grantor or Trust Creator, is the person who started out as owner of the property that is to be transferred to and held by the Trust. The initial transfer to the trust which is $2 is included in the cost of formation.
The Trustee is the person or company that holds the legal title to the Trust assets. There may be one or more Trustees. If a Trustee is unwilling or unable to serve, then a successor Trustee steps in to hold and manage the Trust assets. The Trustee is obligated to act in accordance with the terms of the Trust for the benefit of the Trust beneficiaries. You could act as Trustee yourself you appoint a friend(s) or family member(s).
The Beneficiary is the person or persons who the Settlor, Grantor or Trust Creator intended to benefit from the Trust. The rights of the beneficiaries depend on the terms of the Trust. Beneficiaries are said to have the "equitable title" to the property held in the Trust.
This section is for any notes that might apply to the creation of the trust.