Lawpath has 2 different options to help with the set-up of your new Trust
1. Lawyer-Assisted Discretionary Trust Set Up
End-to-end trust establishment by a Lawpath Lawyer for the fixed fee.
We will assist you with the requisite steps including:
Lawyer advice explaining how a trust operates and the roles of the settlor, appointor, trustee and beneficiaries.
[Optional] Incorporation of a corporate trustee, if you want a company to act as the trustee for the trust (for an additional fee)
The drafting of a trust deed, including one round of consultations and key term amendments.
We will act as settlor to establish the trust, and third party witness to witness signatures, where needed.
Electronic signing of the trust deed, including the settlor and witness.
Payment of stamp duty where required.
A letter from the Settlor certifying the electronic trust deed is the original, to establish a bank account for the trust.
[Optional] Setting up an Australian Business Number and Tax File Number for the trust and/or corporate trustee - (for an additional fee)
To find out more about this package, you can get started via this link or schedule a free call with our consultants via link below:
2. Lawpath DIY Trust Set Up Workflow
A step-by-step workflow to set up a trust on your own. This DIY option is for those confident about the Trust process and do not need legal support to create the Deed.
For users, you can start the Trust Workflow directly from the link here.
Please note: the DIY package does not include lawyer advice, assisted drafting of the trust deed, a Settlor provided by Lawpath, assistance with signing, witnessing and stamping, or a letter to assist in establishing a bank account for the trust.
For more information about the benefits of Trust, see our other articles here