corporate trustee, page-4

My/our SMSF has a corporate trustee which has my wife and self as its sole directors.

The advantages are mostly to do with estate planning. Eg:when my wife and/or self die, it will be a very simple matter for my son and/or daughter to become a director so the Fund can continue without any other change or complication whatsoever. In particular, as the funds assets are held in the name of the company, it will avoid the tedious and lengthy business of changing the owner names of every asset, required when natural persons are the trustees.

I can go to my grave in the knowledge that I am leaving my affairs in a tidy order :)