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Instant Trust documents for fast and easy entity creation

NowInfinity boosts your practice’s productivity by centralising Trust document and entity management in a single user-friendly platform.  Whether you’re establishing a discretionary trust, a discretionary family trust, or need a deed of release, our platform offers a seamless solution. Integrated with platforms like Xero Practice Manager and Class Super, NowInfinity streamlines the end-to-end documentation process, enhancing the advice you provide to clients.

Essential Deed and Trust Fund Establishment Documents

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Discretionary Trust

Ideal for asset protection or tax benefits, trustees have flexibility in distributing income and capital. 

  • Digital:$160 inc GST
  • Slimline:$264 inc GST
  • Binder:$$260 inc GST
Buy now

All Trust Documents

  • Discretionary Trust

    • Digital:$160 inc GST
    • Slimline:$264 inc GST
    • Binder:$$260 inc GST
    Buy now

    Establish a Discretionary Trust with ASIC, enabling a flexible structure where the Trustee has the discretion to determine income and capital distributions to beneficiaries without preset entitlements.

    Buy now

  • Deed of variation (Exclude Foreign Beneficiaries)

    • Digital:$220 inc GST
    • Slimline:$263 inc GST
    • Binder:$320 inc GST
    Buy now

  • Change of Trustee of Discretionary Trust

    • Digital:$220 inc GST
    • Slimline:$263 inc GST
    • Binder:$320 inc GST
    Buy now

  • Discretionary Trust (Capital Reserved Lineal Descendant)

    • Digital:$330 inc GST
    • Slimline:$373 inc GST
    • Binder:$430 inc GST
    Buy now

  • Discretionary Trust (Fully Reserved Lineal Descendants)

    • Digital:$330 inc GST
    • Slimline:$373 inc GST
    • Binder:$430 inc GST
    Buy now
735,000+
entities administered on NowInfinity*
183,000+
Documents ordered on NowInfinity in the last 12 months*
23%
of all SMSFs established in Australia were established using NowInfinity*

*Source: Class and NowInfinity data as at 21 February 2024

Deeds, Trust Funds, and Setting Up Discretionary Trusts FAQs

What is a Trust and How Does It Work?

A trust is a legal arrangement where one party, known as the trustee, holds and manages assets on behalf of another party, the beneficiary. Trusts are established through a trust deed, a document that outlines the trust’s terms and conditions. They are used for various purposes, including asset protection, estate planning, and setting up trust funds for beneficiaries. By allowing trustees to control and distribute assets according to the trust deed’s stipulations, trusts offer a flexible and secure way to manage and protect wealth over time.

What Documents Are Essential for Setting Up a Trust Fund Successfully?

To set up a trust fund successfully, several essential documents are required, all of which form the legal backbone of the trust. Key documents include the trust deed, which outlines the trust’s terms and conditions, and sets up the framework for managing the trust fund. Additionally, a deed of release may be necessary if transferring existing assets into the trust. For those establishing a discretionary trust or a discretionary family trust, specific documents that detail the powers and limitations of the trustees and the rights of the beneficiaries are vital. Ensuring these documents are legally reviewed and up to date with the latest legislation is crucial for the trust’s effectiveness and compliance. Always consult with a legal professional to tailor these documents to your specific needs, thereby ensuring a smooth and successful trust fund setup.

How to Choose the Right Type of Deed When Setting Up a Trust?

Choosing the right type of deed when setting up a trust is crucial for ensuring the trust operates as intended. The deed of trust, often simply referred to as a ‘trust deed,’ is the document that establishes the trust’s terms. To select the appropriate deed, consider the trust’s purpose—whether it’s for asset protection, estate planning, or creating a discretionary family trust. Consult with legal experts to understand the nuances between different deeds, such as a discretionary trust deed versus a unit trust deed, and ensure your choice is legally compliant and aligns with your objectives. Proper selection is key to maximizing the benefits of your trust for its beneficiaries.

What Is a Deed of Release and When Is It Needed in Trust Management?

A deed of release is a crucial document in trust management, used to formally remove a trustee or beneficiary’s obligations or claims within the trust. This document becomes necessary when a party’s role in the trust is concluded or changed, ensuring the trust’s terms are updated and legally compliant. For instance, in the setting up of a trust or discretionary family trust, a deed of release may be used to officially release trustees from their duties once their responsibilities are fulfilled or to update the trust structure. It ensures clear and undisputed management of the trust fund, safeguarding the trust’s integrity and the interests of its beneficiaries.

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