Your accountant might have suggested you establish or helped you to establish a trust to operate your business. Either way, it is important that you understand that the trust is separate from the trustee and separate from the beneficiaries.

A trust is a bit like a hidden safe. The trustee knows where it is and the combination, and what is in the safe will belong to the beneficiaries at some point, in accordance with the trust deed.

These documents are designed to help you record decisions and actions taken in relation to the trust.

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