Join our investing community

Name Changes

Discussion in 'Accounting, Tax & Legal' started by Beni050385, 17th Aug, 2013.

  1. Beni050385

    Beni050385 Member

    Joined:
    5th Feb, 2012
    Posts:
    21
    Location:
    Shepparton & Melbourne
    Hi Guys,

    Have a two part question

    If a company name is changed does the trust deed need to then be updated if the company is the trustee of the trust?

    Is it possible to change the name of a discretionary trust?
     
  2. Terryw

    Terryw Well-Known Member

    Joined:
    9th Jun, 2006
    Posts:
    653
    Location:
    Sydney
    The trust won't really change, the trustee won't be changing - just their name. This should probably be noted in a minute. All title deeds will need to be changed as will bank accounts etc.

    Changing the name of the trust should be possible depending on the terms of the deed. There is a form to fill in with the ATO too.
     
  3. Blueeye

    Blueeye Active Member

    Joined:
    26th Aug, 2013
    Posts:
    27
    Location:
    Sydney
    Yep it should be pretty straightforward as the details don't seem to be changing, just the name.