|Discretionary / Family Trust||$300|
|* Add $75 for hard copy|
What’s in our package?
This package provides the necessary documents to establish a discretionary or family trust. It includes:
- Relevant ATO forms
- Trustee minutes
- Memo and
Note: Stamp duty is $200 in Victoria, $500 in NSW and $50 in both Tasmania and the NT (broadly, provided there is no dutiable property at the time of execution).
In Victoria you must lodge deeds for stamping with a registered Duties Online organisation. DBA Lawyers can assist you with stamping your deeds in Victoria at a cost of $265 (including $200 duty, our handling fee and postage).
A Duty Summary for each state and territory‘s duty criteria and whether and where to stamp is included in our package.
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