Resolution to Distribute Trust Income (Multiple Individual Trustees)

This Resolution to Distribute Trust Income is used to distribute trust income at the end of a financial year.

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Last updated October 16, 2024

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Resolution to Distribute Trust Income (Multiple Individual Trustees)

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What is a resolution to distribute trust income (multiple individual trustees)?

It is a formal decision made by all trustees of a trust to allocate the trust’s income among beneficiaries for a specific financial year, in accordance with the trust deed and relevant tax laws.
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When should you use a resolution to distribute trust income (multiple individual trustees)?

Use this resolution just before the end of the financial year, typically by 30 June, to decide and record how trust income will be distributed among beneficiaries for that year.
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What should be in a resolution to distribute trust income (multiple individual trustees)?

It should state the beneficiaries, the amount or percentage of income each will receive, and be signed by all trustees as required by the trust deed.
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Frequently asked questions

What is a resolution to distribute trust income (multiple individual trustees)?

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When should you use a resolution to distribute trust income (multiple individual trustees)?

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What should be in a resolution to distribute trust income (multiple individual trustees)?

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Who can use this document?

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What protections does this resolution provide for trustees?

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Are there any limitations to using this resolution?

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What are the next steps after completing the resolution?

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View Sample Resolution to Distribute Trust Income (Multiple Individual Trustees)

Resolution to Distribute Trust Income (Multiple Individual Trustees)

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