by Solomon Forman | Apr 10, 2026 | Special Disability Trust
In addition to compliance, trustees are responsible for the day-to-day administration of the trust. This includes managing accounts, lodging tax returns, maintaining accurate records, and monitoring how funds are used. Strong administration ensures the trust continues...
by Solomon Forman | Apr 10, 2026 | Special Disability Trust
Special Disability Trusts are subject to ongoing compliance obligations. Trustees must prepare annual financial statements and arrange independent audits to ensure the trust is operating correctly and transparently. Failure to meet these requirements may impact...
by Solomon Forman | Apr 10, 2026 | Special Disability Trust
To manage funds effectively, the trust must have its own bank or investment accounts. These accounts are opened in the name of the trust and are used for receiving funds, paying expenses, and managing investments. Maintaining clear separation between trust finances...
by Solomon Forman | Apr 10, 2026 | Special Disability Trust
Following establishment, the trust can apply to Services Australia for available concessions. These may include social security means test concessions, which can provide financial benefits to both the beneficiary and their family. Accessing these concessions is a key...
by Solomon Forman | Apr 10, 2026 | Special Disability Trust
Once the trust deed has been finalised, the trust can be formally established. This involves signing the legal documents and creating the trust as a recognised legal entity. From this point, the SDT is able to operate and receive funds. Ensuring that the setup is...
