Our discretionary trust deeds are suitable for accounting, legal, and professional advisers who rely on highly effective legal documentation. Complete our online form in less than 10 minutes.
Discretionary (Family) Trust Deed | $242.00
- Complete our online family trust form in less than 10 minutes.
- Receive your family trust deed and other documents electronically within 1 business day.
- Our trust deeds ensure compliance with the latest tax legislation and industry standards in effective tax planning.
- Our trust deeds are individually prepared and reviewed by our experienced lawyers (why is this important?)
- Support via chat, phone or email from our experienced and friendly team.
- Trusted by the professionals - used by over 250 accounting and legal firms across Australia.
- Our online order forms make setting up a discretionary trust deed in Australia fast and easy (less than 10 minutes)
- Our trust deed documentation has been carefully drafted to comply with the appropriate legislative and tax office requirements.
- Importantly, your trust deed is individually reviewed and prepared by an experienced commercial lawyer, providing you with fantastic legal assurance.
- Our trust deed documentation is highly effective across a range of business purposes and is structured and maintained in line with the latest industry innovations
- Our trust deeds allow for distribution to a wide definition of beneficiaries allowing great flexibility in managing your trust's assets
- Our highly experienced team manually reviews every submission to ensure information is free from error and complete - saving you headaches and costs down the line
- We pride ourselves on great and informed customer service, and our professional team is available to discuss any question or client issue you may have
- Impress your clients with full-service printing, binding and delivery for $55.00 (GST inclusive).
- Stamping options are available for trusts registered in South Australia
- Need to apply for an ABN? Use the same online form to register your enter for an ABN.
From the Knowledge Base
What is a discretionary trust?
In a discretionary trust (or family trust) the beneficiaries do not have a fixed entitlement or interest in the trust funds. The trustee has the discretion to determine which of the beneficiaries are to receive the capital and income of the trust and how much each beneficiary is to receive. The trustee does not have a complete discretion. The trustee can only distribute to beneficiaries within a nominated class as set out in the terms of the trust deed.
What is the trust deed?
The trust deed defines the relationship between the trustee and the beneficiaries. The parties to the trust deed are the settlor and the trustee. The trust deed specifically sets out the duties and powers of investment of the trustee, the beneficiaries, and other important stuff.
Can I explicitly exclude foreign persons?
If someone is considering setting up a trust to acquire land in one of the above States, and do not want any foreigners to be beneficiaries, they can request a deed from ABNAustralia.com.au that includes a provision that explicitly excludes foreign persons as primary or secondary beneficiaries. When completing the 'Beneficiaries' section of our online order form, simply select the option to exclude foreign persons.
Including a broad provision in this manner provides certainty that your family trust will not be deemed a foreign person in any state, regardless of the differing definitions as defined within each state’s legislation.
We wrote about foreign surcharges on our blog here.
What is the role of the settlor?
The settlor's function is to give the assets to the trustee to hold for the benefit of the trust's beneficiaries on the terms and conditions set out in the trust deed. The settlor executes the trust deed and then, generally, has no further involvement in the trust.
The settlor of a Discretionary Trust must be an independent person. That person, or his or her spouse or children, cannot be beneficiaries of the trust and should not be trustees. A settlor will often be a family friend or a solicitor or an accountant who will not be a beneficiary or a trustee.
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