Family Trust Package

Overview

Patricia Holdings offers a Family Trust Package which provides full registration of a standard proprietary limited company including all necessary register documents to remain compliant with Corporations Law and a comprehensive Family Trust Deed at a discounted price.

The package includes:

Corporate Trustee

"Proprietary Limited" companies are the most common form of Company and are often used as Trustees of various kinds of Trusts. The Board of Directors meet to make decisions about the Trust and have the discretion (as outlined in the Deed) when distributing the Trust's income or making other important decisions. While the Trustee of a Trust can be an individual(s), it is Patricia Holdings recommendation that the Trustee be a company. There is a legal separation between individuals in their capacity as Directors of the company and their capacity as Beneficiaries or Members of a Trust or SMSF.

What is included in the company documents?

• ASIC Certificate of Registration
• A complete and tailored suite of documents completing your company register, including:
  • All necessary resolutions, applications, consents and registers
  • Share certificates
  • Copy of the ASIC Form 201
  • Letter to the ATO re appointment of Public Officer
  • Company Constitution
  • Allotment Journal
  • A helpful instruction letter

Family Trust

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 Discretionary Trust Deeds are compliant with Bamford income streaming provisions and offer options to disallow foreign persons as Beneficiaries (to avoid Stamp Duty surcharges) and to distribute to Charities.

What is included in the Family Trust documents?

• A4 binder (white or grey)
• 3 (2 bound, 1 loose leaf) copies of the trust deed
• A helpful instruction letter
• Notes for the assistance of the Trustee
• Consents to Act as Trustee
• Directors Resolutions consenting to act as Trustee