Setting up a family trust with a corporate trustee is straight forward with eCompanies. You perform the steps in the following order:
- Register a company as your corporate trustee if it isn’t already registered. Please note that as this company does not trade it will not require an ABN for itself.
- Form your discretionary trust deed, during the order process you will be asked for the name and ACN of the new company.
- Obtain an ABN for your trust at www.abr.gov.au, this will be in the name of your trustee company acting as trustee for your trust.
- Perform any necessary stamping of your deed.
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