Consent to Act as Trustee (Discretionary Trust)

When creating a discretionary trust, there needs to be a trustee that is responsible for the trust. The trustee has broad powers to conduct the trust and manage its assets.

Some of the duties of a Trustee include:

• Preservation of trust property
• Investment and insurance
• Good faith
• Loyalty to beneficiaries
• Keeping records and information
• Consideration of whether to exercise a discretion
• Impartiality

For a Trustee to confirm that they understand their obligations, this document is required with their details filled out and signature.

Use this Consent to Act as Trustee (Discretionary Trust) if:

• You are nominating an individual or corporation as a trustee
• You have been appointed as the Trustee of a Discretionary Trust
• You need a signed consent form for the trustee

What does the Consent to Act as Trustee (Discretionary Trust) cover?

• Who the trustee is and their agreement to act as the trustee of the specified trust;
• Affirmation that a Trustee intends to act in accordance with their duties;
• The date that the consent was acquired by the trustee.

Other names for a Consent to Act as Trustee (Discretionary Trust) include:

• Trustee consent to act declaration
• Trustee declaration
• Trustee consent form

Other documents you may need:

• Unit Trust Deed
• Discretionary Trust Deed
• Minutes of Meeting of Trustee
• Consent to Act as Trustee (Discretionary Trust)
• Register of Units Issued