How to set up trust
How to set up Discretionary Trust
  1. Decide the name of the Trust
  2. The date the deed will be established
  3. Decide on who is going to be the settler
  4. Decide whether to use individual trustee or corporate trustee. You can have more than one and combination of individual & corporate trustee
  5. Who are going to be beneficiaries? They can be either individuals or company or other trust
  6. Decide whether trustee(s) are to be excluded from being beneficiary
  7. Decide how many members in the fund will have when it starts
  8. Amount the settlor is contributing to settle the trust
  9. Decided whether an appointer is to be named or not
  10. Details of who will attend and chair initial trustee meeting

How to set up Unit Trust

  1. Decide the name of the Trust
  2. The date the deed will be established
  3. Decide on who is going to be the settler
  4. Decide whether to use individual trustee or corporate trustee. You can have more than one and combination of individual & corporate trustee
  5. Who are going to be unitholders? They can be either individuals or company or other trust
  6. Amount the settlor is contributing to settle the trust
  7. Decided whether each unitholders will hold these units on trust for someone
  8. Type of unit, Number, Amount paid and Amount owing on the units each unitholder is applying for

If you would like assistance on how to set up a new trust please contact us.


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JH Business Services & Taxation
Accounting | Business Advisory | Tax Services
Specialist in small to medium business 
& personal tax services


Norwest Office


 Suite 205
29-31 Lexington Drive
Bella Vista
NSW 2153