What is a trust, how are they taxed, and which one should you choose? Introduction A trust is a relationship between: the trustee (who holds the legal title to trust assets for the benefit of the beneficiaries); and the beneficiaries (on whose behalf and benefit the trust assets are held). Are there different types of [...]
How to rectify a trust deed Introduction As an accountant, financial planner or someone with your own trust, you may wonder what lawyers look for when rectifying a trust deed or how they go about it. Rectifying a trust deed corrects one or more mistakes in the trust deed which does not accord with [...]
How to Change an Appointor/Principal/Guardian Introduction As an accountant, financial planner or someone with your own trust, you may wonder what lawyers look for when changing an appointor/principal/guardian (Consenting Party) or how they go about it. The process The process involved in changing an appointor is as follows: review the trust deed and any [...]
How to change a trustee Introduction As an accountant, financial planner or someone with your own trust, you may wonder what lawyers are looking for when changing a trustee or how they go about it. The process The process involved in changing a trustee is as follows: review the original trust deed and any [...]
How to amend a trust deed Introduction As an accountant, financial planner or someone with your own trust, you may wonder what lawyers look for when amending a trust deed or how they go about it. The process The process involved in amending a trust deed is as follows: review the original trust deed [...]
