smsf set up: company v individual trustee, page-6

  1. 1,469 Posts.
    Best to go direct to corporate trustee IMO.

    Agree with Pup, changing later is a major hassle.Several years ago we changed from individual to corporate trustee. It involved, among otherr matters, having to write to registrars or similar of each asset held, seeking change of ownership name, enclosing certified copies of Change of Trust Deed. As there was nothing in it for them, most were slow to reply and in some instances I had to make repeated requests. In all a minor nightmare taking ages to finalise.

    If I had to go thru that again,I think seriously about selling most or all of the assets then buying them back in the corporate trustees name. It was that bad.

    Cheers


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.