Should I use an Individual or Corporate Trustee Structure for an SMSF?

The Commissioner of Taxation suggests that a Corporate Trustee be used, as it is a requirement for all assets to be in the Trustee’s name. Where a Trustee resigns, moves fund, dies or becomes incapacitated then all asset registers must change.  This is not the case with a Corporate Trustee.  But not all Corporate Trustees are the same.  The LightYear Docs SMSF Corporate Trustee provides measures that spring into action in the event a member dies and ensure their executor is appointed as a director of the Corporate Trustee to manage the deceased member’s affairs.

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