This Variation of Discretionary Trust Deed is a document that you can use to change the terms of an existing discretionary trust. The document is to be executed as a deed by the trustee and appointer, as provided for in the original trust deed for the discretionary trust. You MUST seek advice from a qualified professional before using this deed to check that it meets your specific circumstances.

Note: this document assumes that the current trustee is the trustee appointed by the original trust deed.

Use this Variation of Discretionary Trust if:

• A discretionary trust has previously been established;
• The trustee is permitted to amend the trust deed; and
• The changes to the trust deed are to be formalised, as set out in a deed of variation.

What does the Variation of Discretionary Trust cover?

• The changes to the trust deed; and
• Relevant consents and other consequential terms.

Other names for Variation of Discretionary Trust include:

• Deed of Variation of Discretionary Trust; and
• Change of Discretionary Trust. 

Further information

• Advantages and Disadvantages of a Discretionary Trust

• Discretionary Trusts vs Unit Trusts

• Discretionary Family Trusts