Trustee Services

Contents

What is a Trust? 1

How do Trusts work? 1

What is a Trustee? 1

Common types of Trusts 2

How we can help 3

How to appoint us 3

Charitable giving through the State Trustees Australia Foundation

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A Trust is a legal relationship where one person or organisation (the Trustee) is under an obligation to hold property for the benefit of other persons (the Beneficiary).

How do Trusts work?

Generally Trusts are established by a Trust Deed that sets out the terms of the Trust and specifies:

• Who can receive benefits from the Trust (the beneficiaries)

• When the beneficiaries can receive benefits from the Trust

• How the beneficiaries should receive the benefits

What is a Trustee?

The Trustee is the person or organisation who is legally responsible for administering the Trust property in accordance with the terms of the Trust (the Will, Trust Deed or court order). The Trustee is the legal owner of the Trust property and the beneficiaries hold the beneficial interest in the Trust property. The Trustee must act in the best interests of the beneficiaries at all times.

Anyone who is able to own property can be a Trustee. This includes, individuals, companies and the Public Trustee in each State and Territory (e.g. State Trustees).

What is a Trust?

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Common types of Trusts

Inter-Vivos Trust

Set up during your lifetime to support beneficiaries, such as a family member with disabilities.

Testamentary Trust

Established by your Will to manage estate assets and income for your beneficiaries after your death.

Minor’s Trust

Designed to manage and protect assets for a child until they reach a specified age (usually 18, 21 or 25).

Special Disability Trust

Set up to help immediate family members and guardians to provide for the future of a person with a severe disability or a medical condition.

Charitable Trust

Designed to provide ongoing benefits to eligible charitable organisations for charitable purposes.

Superannuation Minor’s Trust

Established after you die to hold a share of your superannuation to a child until they reach a specified age.

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State Trustees can help you establish a Trust to secure the future of your loved ones. We can also act as Trustee and fulfil all the duties and responsibilities required by the role.

How we can help

Establishing your Trust Acting as your Trustee

We help you choose the right type of Trust for your needs.

You can appoint State Trustees to act as your Trustee.

Our professional team can help write the Trust Deed and other legal documents.

We manage the Trust’s accounts, maintain its records and where property assets are involved we arrange for rent collection, insurance, maintenance, rates and land tax.

We provide advice about the best way to include a Trust in the terms of your Will.

We will act in the best interests of your beneficiaries at all times.

How to appoint us

State Trustees will act in the best interests of the Trust beneficiaries at all times.

To appoint State Trustees as your Trustee call us today on 03 9667 6444 or 1300 138 672 (outside Melbourne) for an obligation-free discussion.

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Charitable giving through the State Trustees Australia Foundation

Do you intend to leave a gift to a charity? A charity can be named as a beneficiary in your Will. If you are passionate about a cause, you can choose to leave a monetary gift to a charity in your Will, or establish a charitable Trust or sub-fund, which can allow your nominated charity to enjoy the benefit of your gift in the years to come.

A Charitable Trust gives you a measure of control over where your money goes. You can name the Trust or sub-fund after yourself, your family or an organisation. Sub-funds can be established with a minimum donation of $10,000 and you may also be eligible for tax benefits.

The State Trustees Australia Foundation team of Charitable Trust professionals can assist you to identify the best approach to provide for your nominated cause or charity.

To speak to a Charitable Trusts consultant please call 03 9667 6444 or 1300 138 672 (outside Melbourne) or visit us at www.statetrustees.com.au/foundation

About Us

State Trustees have been helping Victorians establish and manage Trusts for decades. As the Public Trustee for Victoria, we work to protect the vulnerable and uphold the legacy of Victorians through:

• Will and Power of Attorney preparation

• The Victorian Will Bank

• The Victorian Will & Powers of Attorney Registry

• Executor Services

• Financial Administration

• Trustee Services

Read more about State Trustees’ commitments, client success stories, information and tips around life planning visit www.statetrustees.com.au/live-on.

Contact Us

We’re here to help. Call us on:

03 9667 6444 or on

1300 138 672 if you are outside Melbourne.

State Trustees is located at:

Footscray: 1 McNab Avenue, Footscray 3011

Dandenong: 157 Lonsdale Street, Dandenong 3175

Bendigo: 41 Edward Street, Bendigo 3550

State Trustees ABN 68 064 593 148 AFSL No. 238037

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