Consent to Act as Trustee (Discretionary Trust)
This Consent to Act as a Trustee (Discretionary Trust) is required to ensure that the trustee of the trust has given consent to take on this responsibility.
5.0 (2 reviews)
Under 10 minutes
Suitable for Australia
Document Overview
When creating a discretionary 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.
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
For a Trustee to confirm that they understand their obligations, this document is required with their details filled out and signature.
Use this Consent to Act as Trustee (Discretionary Trust) if:
- You are nominating an individual or corporation as a trustee
- You have been appointed as the Trustee of a Discretionary Trust
- You need a signed consent form for the trustee
What does the Consent to Act as Trustee (Discretionary Trust) cover?
- Who the trustee is and their agreement to act as the trustee of the specified trust;
- Affirmation that a Trustee intends to act in accordance with their duties;
- The date that the consent was acquired by the trustee.
Other names for a Consent to Act as Trustee (Discretionary Trust) include:
- Trustee consent to act declaration
- Trustee declaration
- Trustee consent form
Other documents you may need:
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