Before you start: Change of Trustee for a Discretionary Trust
A Cleardocs deed?
Does the Discretionary Trust for which you need this document package have a Cleardocs deed?
Using your earlier answers... saving you some typing
To save you some typing, we will pre-populate your answers for the Change to Trustee
document package with your earlier answers for this Discretionary Trust.
You can then review — and confirm or edit — the pre-populated answers.
To help us pre-populate your answers, please answer the following questions, then choose
the
relevant Discretionary Trust from the list.
Has this trust previously used the Cleardocs Change of Trustee
document
package?
Information:
If the trust is not showing in this list, then it must have been set up by someone else. If you think that person is in your organisation,
call us on 1300 307 343 we may be able to help.
Removing trustee(s) without their consent?
Caution:
If the change to the trustee is being made without the consent of any relevant parties required under the deed (for example: trustee(s),
appointor(s) and perhaps the first named beneficiary), then you cannot use this document package.
Are all the retiring trustee(s) available to sign documents?
You will need a different Deed of Variation if the retiring trustee(s) (or directors of the
trustee(s)) are not available to sign the
documents — for example, if they are no longer alive. The Cleardocs Change of Trustee
document package is not suitable.
Our
lawyers at Maddocks can provide you with a quote to prepare these documents. Please call
us
on 1300 307 343 to arrange a
quote from Maddocks.
Are you changing trustees as a result of the death of an individual
trustee?
Foreign purchasers of land and duty implications
Consider if a foreign person will be involved in the administration or conduct of the trust, is a beneficiary of the trust or is related to a person who has a beneficial interest in the trust.
If so, and if either now or in the future this trust will acquire land in Australia, the trustee should obtain advice about whether the trust may be liable for additional stamp duty and surcharge rates of land tax.