Consent to Act as Trustee (Unit Trust)
This Consent to Act as a Trustee (Unit Trust) document is required to ensure that the trustee of the trust has given consent to take on this responsibility.
4.7 (3 reviews)
Under 5 minutes
Suitable for Australia
Document Overview
When creating a unit trust, there needs to be a trustee that is responsible for the trust. The trustee has broad powers to conduct the trust and manage its assets.
Note: if you are signing a Unit Trust Deed, you do not need to sign this document as the trustee's consent will already be given by the deed. This document assumes that the trustee is an individual.
Some of the duties of a Trustee include:
- Preservation of trust property
- Investment and insurance
- Good faith
- Loyalty to beneficiaries
- Keeping records and information
- Consideration of whether to exercise a discretion
- Impartiality
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