We recommend a corporate trustee company due to the greater level of asset protection it provides. In contrast with an individual trustee, a corporate trustee allows for greater separation of trust’s assets and the personal assets of the directors and shareholders.
It also offers advantages in terms of lifespan and succession planning. If the directors or shareholders of the corporate trustee change, the entity remains the same, eliminating the need to transfer assets to another entity (avoid both CGT or Stamp Duty for the Transfer). Moreover, a corporate entity provides limited personal liability for its directors and shareholders regarding the company’s actions. In the event the trustee company cannot meet its debts, it may enter into liquidation, but the personal assets of directors and shareholders enjoy better protection. Asset management becomes more straightforward with a corporate trustee, as trust assets and personal assets are held in separate names.
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The material on this page and on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this page and on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs.
Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this page and on this website are for illustrative purposes only.
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