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Online Discretionary Trust Deeds

ONLINE DISCRETIONARY TRUST DEEDS

We check the vesting date of client’s discretionary trust deeds from time to time to make sure we receive no nasty surprises. The trust deed of a newer client was recently checked and no vesting date was apparent. The trust deed was acquired online from a South Australian legal firm. South Australia has passed legislation removing the requirement for a discretionary trust deed to have a vesting date. This is not the case in Queensland, particularly when the trust deed we scrutinised clearly stated it was subject to the laws of Queensland.

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