- Overview
- Pricing
- Delivery Information
- Stamping
- FAQs
Setting up a family trust online in Australia is fast with Patricia Holdings. A Family Trust (also known as a Discretionary Trust) is an arrangement where certain assets are held by a Trustee for the Benefit of immediate and extended family members (and associated entities) known as ‘the Beneficiaries’. Although the pool of beneficiaries may be very large, decisions relating to which of these beneficiaries will receive distributions is at the full discretion of the Trustee.
Patricia Holdings has worked closely with its Consulting Counsel to create a Family Trust Deed that is both flexible and easy to understand. The Deed is reviewed regularly to ensure that it is up to date with all legislative and statutory requirements.
Features of the Deed
Concise clauses written in plain English.
Wide ranging Trustee powers designed to allow easy, flexible and unencumbered administration of your Trust.
Provision to allow the Trustee to alter the clauses in the Deed if required.
Compliance with Bamford income streaming provisions
Option to disallow foreign persons as Beneficiaries (to avoid Revenue NSW Stamp Duty surcharges).
Option to distribute to Charities
Wide pool of General Beneficiaries defined, allowing flexibility of income and capital distribution.
Provision to allow addition of, or exclusion of, individuals within the pool of General Beneficiaries at time of Trust establishment.
Allows appointment of multiple Trustees and Appointors if required.
In addition, we are always happy to consider any special additional powers or clauses you would like to add to your Trust. Please contact us prior to ordering your Trust Deed.
Click here to view an outline of the roles in a Family Trust.
What’s included?
- A4 binder (white or grey)
- 3 (2 bound, 1 loose leaf) copies of the trust deed
- Instruction sheet
- Stamping instructions
- Declaration of Execution
- Notes for the assistance of the Trustee
- Minute page if Corporate Trustee
PDF email Delivery
Service Courier delivery
How long does it take to establish a Family Trust Deed?
For email delivery orders ordered online, the Trust Deed and related documentation will be emailed to you within 15 minutes of placing your order. If you have ordered a Family Trust package – which includes a Trustee company – we need to register the company before establishing the Trust which means delivery may take up to 90 minutes for both the company register and the Trust deed.
We are able to deliver our full service couriered product to the Sydney metropolitan area within about 5 hours of receiving an order. Orders received before 12 midday are usually delivered the same day. Documents being sent to Brisbane and Melbourne will be sent by courier or express post and are often delivered the next day (orders must be received by 1pm for delivery the next day) and within a couple of days to Perth and regional areas.
Duty Stamping of Trust Deeds
Please note that the Stamp Duty cost is not included in the listed price for the Family Trust Deed. Trust Deeds established in either NSW or Victoria need to be duty stamped upon execution.
NSW Revenue NSW fees are $500 for the original deed and $10 for subsequent duplicates on top of the above trust deed prices. Service fees from $88 including GST are applicable.
Victoria The State Revenue Office fees are $200 on top of the above trust deed prices. Service fees from $88 including GST are applicable.
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