This will come down to your personal circumstances. Individual trustees are cheaper and easier to start out with, but they can make things more complicated down the track. The drawbacks of individual trustees are:
A company costs around $500 to register and annual fees of around $250 are due every year. However using a company as trustee removes all the issues with individual trustees. Directors and shareholders in the company have the benefit of limited liability, if the sole duty of the company is to be trustee then there is clarity of asset ownership, and it is easy to change the directors of the company without changing the legal title of assets.
Taking this into account it is generally recommended that a corporate trustee is used. If you are in doubt you should seek professional advice from your accountant or lawyer.
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