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When creating a trust there must be a record of all unit holders of the fixed trust as the trustee is responsible for keeping track of all these details.
Maintaining this record will allow the trustee to identify who the owners of the units are, their holdings, and for how long the units are/were held. A Register of Unit Holders Document is vital for accounting purposes to ensure that distributions are calculated accurately. Further, having this information will be helpful to refer to when a meeting is held, or if any other issues arise.
Use this Register of Unit Holders if:
- You are the trustee of a unit trust
- You want to keep a clear record of unit holders
- The Unit Trust that has been established has a new unit holder
- You want accurate records to refer to in meetings
What does the Register of Unit Holders cover?
Details of any transfer from, or issue to, a Unit Holder of the trust property (Units), details of the units held, reference numbers and amounts paid to unit holders.
Other names for a Register of Unit Holders include:
- Unit register
- Register of units issued
- Register of units transferred
Other documents you may need:
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