How do it set up a trust fund in my mothers memory?

how does your product connect to the trust fund?

What do you actually want to do as you are mentioning setting up a fund in your mother's memory as well as selling your invention.

In order to set up a trust fund in your mother's memory, you need a solicitor to draw up the trust deed and you will need 2-3 trustees to administer it. If the object of the trust is to raise money for sufferes from stress incontinence, it will be charitable in law and if the income of the trust exceeds £5000 in any one year, then you will have to register with the Charity Commission.

You also have the option of covenanting the profits from your company to the Trust - this would make them free of Corporation Tax - but that is obviously your decision. If you did this, you could not be a trustee of the trust as there would be a conflict of interest there. Otherwise, I am not sure what relationship you were thinking of between your company and the trust.

See your local Council for Voluntary Service for advice on running a charity.

As you must know you need to set this up with the help of a lawyer. Is there anything that can be done alone these days. I hope you have a patent on your device.

why set up a trust fund? why not put u p a foundation? with a foundation people sharing the same sentiment as you can donate money and further help your cause. whereas a trustfund its just sitting there.