UNIT TRUST BUNDLE
Looking to streamline your legal processes and save time and money? Look no further than the Unit Trust Bundle on Precedents Online. Our comprehensive collection of documents covers all your financial needs, ensuring you have everything you need in one convenient place. Crafted by legal professionals and tailored to Australian legal standards, our templates are easy to customise and legally sound. Get your Bundle today and take the hassle out of legal paperwork.
Why Choose Our Bundle?
Unit Trust Bundle includes the most popular Trust Deed available, as well as a Unit Holders Agreement and Now Deed of Variation.
- Unit Trusts (normally used in business situations)
- Unit Holder Agreement
- Deed of Variation (new to bundle)
Where a Unit Trust is used, it is normally accompanied by a Unit Holder’s Agreement. A Unit Holder’s Agreement is an agreement between owners of units in a Unit Trust about what to do when a unit holder dies, wants to sell their units, and contains agreements about how to run the Trust and the underlying business.
Trust Deeds are legal documents that sets out the rules for establishing and operating your fund. It includes such things as the fund’s objectives, who can be a member and whether benefits can be paid as a lump sum or income stream. The trust deed and super laws together form the fund’s governing rules.
A deed of variation of unit trust can be used to amend a Unit Trust deed.
Each Trust Deed download comes with notes explaining how trusts can be created, and shows you how to create them. Stamp duty and any other tax implications are explained. The notes cover the two most popular types of trusts in detail: Discretionary Trusts and Unit Trusts. The role of Trustee, Settlor and Appointor is explained, and best practices are suggested. The following precedents allow you to create Trusts.
Also includes Full Commentary.
Most trusts are created for clients by the execution of a deed of trust by the trustee, the deed setting out the express terms of the trust, and by the “settlement” on the trustee of a nominal sum, say $10, by the “settlor”, who is also a party to the deed. It is common practice for a trust to be established by the settlement of a nominal sum, say $10, with the trustee on the creation of the trust while the other assets of the trust are transferred later by way of purchase, with the necessary funds being loaned to the trust for the purpose. The reason it is done this way is to minimise (stamp) Duty.
Unit Trusts
The flexibility of a unit trust often results in its choice as the preferred structure for many commercial ventures where the units are generally held by the trustee of each investor’s family discretionary trust.
A unit trust created by the precedent is created by a deed between a trustee and the “initial unit holder” who contributes an amount of money which establishes the trust and creates units held by the initial unit holder. Thereafter, units can be issued to the other investors. There must be no more than 20 unit holders. Under s 601ED of the Corporations Act 2001 (Cth), the unit trust must be a registered managed investment scheme if there are more than 20 unit holders.
FULL COMMENTARY WITH PURCHASE
This does not represent Legal Advice by Precedents Online or its Authors.
Comprehensive Coverage
Our bundle includes all necessary documents to cover various financial scenarios, ensuring you have everything you need in one place.
Free With Every Purchase
Our legal drafting booklet to guide you through the necessary steps in editing your documents.
Easy Customisation
Each document is designed to be easily editable, allowing you to tailor the agreements to your specific needs without hassle.
Legally Sound
All our documents are crafted by legal professionals and adhere to Australian legal standards, giving you confidence in their validity.
Suitability
New South Wales