SMSF & Trusts

Can you put minors as the appointors and directors in case of emergency or incapacity?

There is no particular age bracket for kids to be appointors, but it needs to be kept in mind that when being the appointor, they are in control of the trust and the decision making, so we recommend having a family advisory board to help these minors make important decisions.

As for minors being directors, it is not possible under the Corporations Act as only a person over 18 years with a sound mind is eligible to become a director of a company.

 

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024