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

Your Wesite Was Very Helpful, Makes Things a Bit More Professional, and the Good Thing Was I Was Able To Change My Spelling Mistake Before Printing. Will Keep You On File For Future. Thanks

Dianne Kither -
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 ®