Trust setup

Let us help you set up a discretionary or unit trust to suit your needs.

The price is exclusive of GST, tax will be calculated during the checkout.

$1,500.00

Protect yourself with bespoke legal documents

Don’t risk your business with a DIY template, an auto generated legal document or an unsuitable law firm.

Our team of expert commercial lawyers will tailor bespoke legal documents to suit your unique needs and prioritise the commercial considerations for your business success.

What you get:

  • Free consultation
  • Done for you tailored legal documents to suit your needs
  • Initial drafting and review + one round of amendments
  • Stamping with the OSR
  • Fast turnaround times (5-7 days)

The standard structure may not suit your needs

There are circumstances where operating a business or owning assets in your personal name or through a company is not appropriate. For example, because you are worried about protecting your assets from creditors, or if you are able to achieve better taxation outcomes through using a trust. ‍Setting up a trust can often solve these problems, but people often get standard trust packages which don’t consider their specific requirements. Trusts are complicated structures, and setting them up without proper advice could cause problems down the line, and be difficult to fix.

Traditional structures are sometimes inflexible or vulnerable

If you are running a business as a sole trader or a company, you are missing out on some special flexibilities and protections offered by trusts. It means that if you are sued in your personal life (for example, because of a personal dispute or because you are defaulting on a mortgage), your business might be exposed to those creditors. It also means that you usually have to pay all dividends to yourself, instead of being able to distribute it to other beneficiaries (eg, family members) who might be on a lower tax bracket to you. ‍Trusts which are set up without proper advice may create difficult scenarios. For example, sometimes setting up a corporate trustee when this isn’t really required may end up costing you extra money for no reason. Also, you may wish to exclude certain people as beneficiaries, or create specific mechanisms for how the control of the trust is passed on if something happens to you.

Build a structure that perfectly suits your needs

UX Law can advise you in creating your business structure, setting you up with a discretionary or unit trust to suit your needs. We can help you with:

  • Tailoring appropriate beneficiary definitions and restrictions
  • Future-proofing the controllers of the trust and succession issues
  • Advice on whether an individual or corporate trustee is preferable
  • Stamping the deed with the OSR and all relevant setup forms

Frequently asked questions

  1. Can I do this myself?

    The simple answer is yes – you could register your company yourself through the Australian Government’s Business Registration Service (BRS) or through a number of online providers if you wish. The true answer is that doing this is risky and not advised; even the most seasoned and experienced operators will often be unclear of the best structure required to suit their company’s strategy moving ahead. Realistically, for all startups, it is absolute best-practice to seek legal advice to tailor your company set-up to your needs.

  2. What if the document or advice I need isn’t on the website?

    Not to worry – this website only lists the most common services we provide. Feel free to contact us in order to see if we can help you out with something which isn’t listed here.

  3. What if I need this urgently?

    We pride ourselves on fast turnarounds. If this matter is urgent, please let us know and we will try our best to deliver it within an acceptable timeframe.

  4. Can I speak or meet with a lawyer, and will this cost extra?

    Of course! Our quoted price includes reasonable access to our lawyers by phone, email, or meeting, in accordance with our Fixed Fee Terms.

  5. Is the price a fixed-fee?

    Yes. However, the fixed fee covers the initial draft and one round of amendments, based on your initial instructions. After that, if you still want further amendments or changes to the scope, we charge in accordance with our Fixed Fee Terms.

Looking for practical legal advice?

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    Doron from UX Law has helped my startup and my software development agency with matters such as shareholder agreements, terms and conditions, development agreements, employment issues, debt collection, IP advice and much, much more. Besides his obviously high quality advice, Doron’s fast turnarounds, approachability and commercial understanding make him ideal for any startup business.

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