Deed of Amendment/Appointment
Trust Deed of Amendment covers:
A Trust Amendment is a legal document that needs to be signed and executed similar to the original Deed. The original trust deed is reviewed to identify the appropriate means and requirements in order to amend the trust deed. There can also be significant legal issues which arise if it is not done correctly.
Reckon Docs Deed of Amendment/Appointments are:
- customised to your requirements
- reviewed by an independent law firm
Reckon Docs trust deeds are prepared, reviewed and maintained by Top 20 law firm Hunt & Hunt. Reckon Docs clients have access to telephone legal support and discounted legal advice; call 1800 888 210.
Amendments for Discretionary (Family) Trusts
As circumstances change, whether it is the retirement or appointment of trustees, beneficiaries, principals (appointor), guardians, or simply a change of trust name the content in the trust deed may also need to change. When such changes occur an amendment will be required.
The recent High Court ruling on the Bamford Case (on 31 March 2010) reinforced the importance of Trust Deeds defining income distribution, ensuring that the distribution for accounting purposes is the same as the distribution for tax purposes. Reckon Docs trust deeds, prepared by Hunt & Hunt from January 2009, complies with the legislation. Reckon Docs can amend existing discretionary trust deeds to address the Bamford Case concerns. The cost for this update is:
- $198.00 to amend an old Espreon Corporate Services' deed; and
- $495.00 to amend a deed prepared by another service provider.
For more information on the Bamford Case, click here.
For amendments prices other than the Bamford Case, click here.
Reckon Docs requires a copy of the original deed and all subsequent amendment deeds from the original date of the deed to the proposed change for any amendments and or appointments to be done.
What is included?
- 3x bound copies of the amendment deed
- Trustee minutes
If you have sent in the original deed and any prior amendment deeds, we will send them back to you with the above documents.
Amendments for Unit Trusts
As circumstances change, whether it is the retirement or appointment of trustees, or simply a change of trust name the content in the trust deed may also need to change. When such changes occur an amendment will be required.
Any amendments made to units, whether change of unit holders, buy back, transfers or generally issuing additional units, is similar to a change of shareholder details for companies without the paper work required with ASIC.
Reckon Docs requires a copy of the original deed and all subsequent amendment deeds from the original date of the deed to the proposed change for any amendments and or appointments to be done.
What is included?
- 3x bound copies of the amendment deed
- Trustee minutes
If you have sent in the original deed and any prior amendment deeds, we will send them back to you with the above documents.
Deed of Confirmations
If you or your client has lost or misplaced the original deed, you can order a deed of confirmation (replacement deed).
Reckon Docs requires the original date of the deed to prepare a replacement deed.
What is included?
- 3x bound copies of the trust deed
- Trustee minute