New money to an existing Loan Trust and TRS requirements
Wildparaplanner
Member
Hi all,
We have a case where we are doing an additional amount of money to an existing Loan Trust, which holds an existing offshore bond (IOM).
The existing trust is already set up on the TRS. There are no changes to the settlor/trustees/beneficiaries or any changes to the trust deed and so all it is, is an additional loan with the relevant loan agreement (no new trust deed).
Does anyone know if there is any requirement to make changes to the TRS (given the new money) or is no change required given there hasn't been any fundamental change to the trust?
Many thanks
Wild
Comments
No changes needed.