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update of smsf trust deed, page-10

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aimone

47,562 Posts.

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07/02/17

22:07

Post #: 22440230
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Originally posted by Mongrel ↑

You can, of course, update your own trust deed with a Deed of Variation if you know what you're doing or you can get the wording from a reasonable source if you don't. Most changes required are to keep the deed in line with current legislation. Any auditor should highlight the area that needs amending/adding - you are paying a lot for annual audits, so get some value out of them!

The Trust Deed is YOUR document and doesn't need an expensive lawyer to do a 2 minute cut and paste and charge you a monza for the privilege.

Of course, if you are not confident doing it, just pay the money and get a professional. About $500 is typical, though you can shop around and half that cost.

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just adjust it and get your accountant to check it when he does your accounts
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