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Family Trust

Learn what a Family Trust is, the tax benefits of setting up a Family Trust in Australia and more.

How is a new Trustee added to a Family Trust?

In the current Patricia Holdings Family Trust deed, it is either the Trustee or the Appointor who has the authority to add a new Trustee. The appointment can be verbal or in writing (in writing is preferable). Generally the appointment is in the form of a Deed. The new Trustee must, when accepting the appointment, undertake to carry out the duties of Trustee and discharge the obligations contained in the Trust deed and at law.

Family Trust

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Patricia Holdings Family Trust
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