Do I need to identify a trustee for the trust I am setting up?

Question: Do I need to identify a trustee for the trust I am setting up?

Answer:

Yes, because the trustee is the legal entity controlling the assets held by the trust and responsible for the distribution of income. You will identify a trustee or trustees in the trust deed.

Answered by Lisa Lee

Lisa practises in the areas of business and commercial law, intellectual property and contract law. Having previously worked in research and development, Lisa has a strong understanding on issues surrounding protection and commercialisation of intellectual property. She is passionate about arts and technology, and is attuned to issues surrounding e-commerce and online services.

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