How Trust Type is determined when importing from XPM?

Question: How does NowInfinity determine if a Trust is a Unit Trust or a Discretionary Trust when importing from XPM?

 

Answer: In NowInfinity we will import the trusts from XPM as either a Unit Trust (UT) or Discretionary Trust (DT). 


Please see the below rules for how the trust is determined a Unit Trust or a Discretionary Trust.

  1. If Trust name contains "family" or "discretionary", it will be considered as a Discretionary Trust
  2. If Trust name contains "unit", it will be considered as Unit Trust
  3. If data retrieved from XPM contains Appointor information, it will be considered as Discretionary Trust
  4. If data retrieved contains Unitholder information, it will be considered as Unit Trust
  5. In all other cases, it will be considered as Unit Trust

Rule 5 applies for other Trust Types, as long as the XPM Business Structure for the Trust Type is entered into the "labels" section in Portal Settings > XPM.

Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request