Trusts

Need help setting up a trust? We've got you covered with range of tips for both discretionary and unit trusts.

Can a trustee also be a unit holder?

Yes, a trustee can also hold units in a unit trust. Simply delegate both the roles of trustee and unit holder to a trust entity by ticking both boxes in Step 2 of the application form (in each entity’s separate profile).

N.B. The sole trustee cannot also be the sole beneficiary as this causes the legal and equitable titles to merge, meaning that there is no reason for the trust to exist.

This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

Updated — Sep 7, 2015

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