In this edition of ‘It depends’, lawyer Sacha Robinson talks about why you should sign multiple copies of your trust deed.
Welcome to ‘It depends’. Today we will be talking about why you should sign multiple copies of your trust deed.
Why should I sign multiple copies of my trust deed?
You should sign multiple copies of your trust deed because it is really easy to lose or misplace your deed and it can become really difficult to deal with banks, government authorities and financial institutions if you do not have a copy of your original signed deed. While there are ways to deal with losing a trust deed, if the worst happens, it is best to sign multiple copies at the start to mitigate that risk.
How many copies of the trust deed should I sign?
It depends, you can really sign as many copies of the trust deed as you would like. There’s no limits. But a good rule of thumb is that you sign three copies, one for your lawyer, one for your bank, and one for your accountant. If you establish your trust deeds through CGW structures, they will send out three copies for signing. If you have any other questions about signing the trust deed or about your trust deed in general, please do not hesitate to call me or a member of our team.