Yes, every Trust must have a Trustee. This is because the law requires that for a Trust to exist there must firstly be some Trust property and secondly, it is the Trustee (or Trustees) who hold the Trust property on Trust for a Beneficiary or Beneficiaries (there must be a separation between the legal and equitable ownership). A Trust is not considered a legal entity.
Unit Trusts
Learn what an Australian fixed unit trust is, how best to manage a unit trust set up in Australia and more.
Can't find what you're looking for?
Chat now with an expert using our online chat if we're online,
give us a call or leave us a message and we'll get back to you.
