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