Setting up a family trust with a corporate trustee is straight forward with eCompanies. You perform the steps in the following order:

  1. 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.
  2. Form your discretionary trust deed, during the order process you will be asked for the name and ACN of the new company.
  3. 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.
  4. Perform any necessary stamping of your deed.

The total cost will be $538 for registering the company plus $121 for the trust deed. You may also have to pay for stamping of your deed depending on your state.


Disclaimer

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