Discretionary Family Trust

What’s in our package?

This package provides the necessary documents to establish a discretionary or family trust. It includes:

• Letter
• Relevant ATO forms
• Trustee minutes
• Memo and
• Deed

For information regarding why you should choose a DBA discretionary trust, click here.

Note: Stamp duty is $200 in Victoria and $500 in NSW. Stamp duty in NSW can be higher if there is greater than $15,000 of assets in the trust at execution. Stamp duty in other jurisdictions varies depending upon the State or Territory involved.

Corporate Trustees of Discretionary Trusts

If you are establishing a new discretionary trust, you should consider the advantages of a corporate trustee over individual trustees.  The long-term benefits of a company generally outweigh the up-front cost of incorporation.  Some of the main advantages are:

• Asset protection for the directors from third party claims
• Greater protection from trustee taxation liabilities
• Clear separation of ownership of trust assets from individually owned assets