Can I Exclude Foreign Beneficiaries when establishing a Discretionary Trust?

Question

Can I choose to Exclude Foreign Beneficiaries when establishing a Discretionary Trust?

Answer

Yes!

When establishing a Discretionary Trust there is a tab in the document form where you can choose to Exclude Foreign Beneficiaries.

Note: This is an irrevocable exclusion of foreign persons. 

If you select "yes" to exclude Foreign Beneficiaries, a popup will appear. You should read and acknowledge the information therein by clicking "Understood and Agreed". You must click this in order to continue. 


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Related Information

Deed of Variation (Exclude Foreign Beneficiaries) for an existing Discretionary Trust

 

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