- Unit Trusts document templates | LawLive
LawLive ®
Thank you for your kind words:

I was actually in the final process of submitting a quotation, in which I felt the need for a legal document to bind an agreement between myself and the contractor. I will most definitely recommend this service to all small businesses and no doubt use this service in the near future.

Many thanks LawLive.
Tui Lavulavu - Protrades Property Services
LawLive ®


LawLive

LawLive is a member of the Internet Industry Association   LawLive is Responsible Internet Business
Find your document

- Unit Trusts

Unit Trusts are a form of trust recognised by law whereby a trustee (an individual or a company) will own certain assets, e.g. property or a business, it will run that business or engage others to conduct the business (managers), and it will hold its ownership of that property or business beneficially for the Unit Holders according to the number of Units that they hold.

This unit unit trust should be used where there are no more than 20 investors to collectively share through specific percentages (the number of Units issued) in the benefits of an asset by having it acquired by a trustee and held for them in those percentages. It is commonplace for the trustee of a unit trust to be a company (referred to as a corporate trustee) because this is more tax effective.

LawLive ®
LawLive ®
LawLive ®