SMSF & Trusts

How to add a Secondary Beneficiary in Discretionary Trust (Non-Foreign Person)?

Second beneficiaries are just family of Primary Beneficiaries. If you want a specific distribution to a named person, you can add in as a primary beneficiary. Otherwise, the trustee can technically distribute to any beneficiary as he sees fit (trustee discretion). 
 
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