Change of Trustee Deed (Discretionary Trust)
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Last updated November 11, 2025
Suitable for Australia
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Frequently asked questions
Use this Change of Trustee Deed if:
- A discretionary trust has previously been established;
- A trustee is voluntarily retiring; and
- Another trustee is taking their place.
What does the Change of Trustee Deed cover?
- The changes to the trust deed; and
- Relevant consents and other consequential terms.
View Sample Change of Trustee Deed (Discretionary Trust)
The Legal Risk Score of a Change of Trustee Deed (Discretionary Trust) Template is High
Our legal team have marked this document as high risk considering:
- There is a risk associated with the new trustee's acknowledgment and commitment to discharging the duties and obligations of the trust, as any failure to perform these can lead to legal complications or breaches of trust.
- The document does not specify any recourse or corrective measures if the new trustee fails to meet the obligations or mismanages the trust, which could leave the trust's assets vulnerable.
- The process of transferring all trust properties and obligations from the retiring trustee to the new trustee requires meticulous attention to detail and compliance with legal formalities, posing a risk of oversight or errors during the transition.
Articles about Change of Trustee Deed (Discretionary Trust)
How to Change the Trustee of a Discretionary Trust
Changing the trustee of a discretionary trust may be required for a number of reasons. In this article, we break down how to do so and its affect.
Variation of Discretionary Trust Sample
A Variation of Discretionary Trust allows you to change the terms of an existing discretionary trust. Customisable and ready to use in under 10 minutes.
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Article about terminate-discretionary-trust
3 Steps After Completing Your Trust Deed
Recently established a discretionary trust? Find out what to do after completing your discretionary trust deed here.
Potential Changes to Discretionary Trusts
Important changes that will affect anyone who is currently, or intends to become, a trustee of any discretionary trusts in New South Wales.
Can A Trustee Be A Beneficiary Of A Discretionary Trust?
Have you ever wondered whether a trustee can be a beneficiary of a discretionary trust? Check out this article to find out.
Trust Series: What is Trust Vesting?
This article will explain what trust vesting is and what you need to know about your trust deed to ensure your trust is vested and administered properly.
A List of the Key Parties to a Discretionary Trust
A discretionary trust means a trustee can choose not only who benefits, but how they benefit from the trust. Read about the parties involved in this guide.
Where to Find a Lost Trust Deed
Have you ever been in a situation where you’ve had to find a lost trust deed? Here is everything you’ll need to know to recover it.
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