Trusts

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

Who can be a trustee?

A trustee must:

  • Be at least 18 years of age
  • Not have a legal disability
  • Have the capacity to own property
  • Be aware of the role they are accepting and their responsibilities. The trustee must sign the trust deed when setting up the trust. This is usually a sign that they are aware of and accept the role.

A trustee can be either an individual or a company. If there is a corporate trustee it is the company’s directors who administer the trust.

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 — Jul 7, 2017

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