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