A trust is a formally documented legal arrangement where a trustee holds and deals with assets on behalf of, and for, the benefit of a beneficiary. The trustee(s) can be a Company or individual(s). Unlike a company a trust is not a legal entity. A formal trust deed is required.
Follow the steps below to learn how to set up a trust fund with People's Choice.
To operate a trust account, a formal trust deed is required, which will state who are the trustees. The trustees can be an individual or a company.
Do all trustees have membership with Peoples Choice?
Yes - Great! Proceed to the next steps below.
No - Not a problem!
If you are not a member, apply today!
All trustees must sign the membership application form.
Business Membership Application
Click the button below to download the application form.
Australian Business Number
Please let us know the ABN of your Trust.
ABN not at hand? Simply look it up with the Australian Business Register at the following link: http://abr.business.gov.au/
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