Personal v's Corporate Trustee
What’s better, a corporate trustee or an individual trustee?
A corporate trustee structure can be simpler when administering the fund, particularly in relation to the recording and registering of assets, or if the membership of the
fund changes.
The main disadvantage of a corporate trustee is that it is more expensive to set up, and marginally more expensive to maintain. You will need to pay the costs to establish a
company and then register that company with ASIC. A company registration fee is payable initially, as well as an annual review fee. There may also be other costs associated
with establishing a company.
Corporate Trustee Structure
image from Bank of Queensland
Personal Trustee Structure
Freedom of Cover
Diversity by Design
Simplify with Us
