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

Should I have a corporate or individual trustee?

You can elect either an individual or corporation to act as trustee in your discretionary trust. Most people choose to elect a corporate trustee for tax benefits as well as its limited liability. The trustee is personally liable for the trust’s debts. Therefore a company trustee offers more protection for an individual’s personal assets to be protected.

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Updated — Jul 27, 2017

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