Skip to main content

How to update trust details?

 

In CAS 360, users can update trust details from the Trust screen. 

Navigate to Trust from the main toolbar. mceclip0.png
In the Trust screen, hover the cursor to select a Trust under Trust Name. This will open up the details page for users to edit. mceclip2.png

 

Trust Details

Field Explanation
Trust Name*

Begin typing the updated Trust name. CAS 360 will begin searching the Global Contact screen for the Trust. If the Trust has not been previously added to the Global Contact screen, will appear.

Click  to add a new contact. 
Previous Name

Begin typing the Previous Trust name. CAS 360 will begin searching the Global Contact screen for the Trust. If the Trust has not been previously added to the Global Contact screen, mceclip8.png will appear.

Click mceclip8.png to add a new contact. If there is no previous name, leave this field blank.
Trust Type* Select Unit, Discretionary, Hybrid, or Bare from the drop-down list
Meeting Address* Select a previously added address from the Global Addresses screen, or add a new address to CAS 360 by clicking mceclip8.png. 
Trust Formed* Update the Formation date of the trust
Future Vesting Date Date defined in the trust deed as the date when the trust will conclude
Trust Deed Issued Date Trust Deed was issued
Trust Deed Updated Date Trust Deed was updated
TFN
 The Tax File Number issued by the Taxation Office.
ABN
 The Australian Business Number for this trust. This is an 11 digit number.
Trust Deed
 Upload a Trust Deed by selecting Upload Document.

* indicates a mandatory field


Other Details

The following fields are also available if you wish to record more information about the Trust:

Field Explanation
Incorporation Place Enter the State and/or Country
Legal Ownership Enter the Percentage of ownership
Client Number Any internal client number or code
Controlled Entity Name of Controlling entity
Trust ARSN Australian Registered Scheme Number
Trust Description / Purpose A brief summary of the Trust


Tax Details

Input any tax details about the trust if required
Field Explanation
Tax Entity Type

Entity type for Tax Purposes
Income Tax Consolidation Group See ATO Website
Date Joined/Left Date joined/left Consolidation group
GST Group See ATO Website
Date Joined/Left Date joined/left GST group
Other Tax Information / Purpose Any other tax information related to the Trust
Termination The date ended related to the other tax information/purpose

Click mceclip5.png once updated.

 

Relationships

To add a new relationship, click Screen_Shot_2020-04-16_at_11.40.57_am.png
To update an existing relationship, select Edit under Options. On-screen update for certain fields is also available.
mceclip4.png
The following Relationships can be updated:
  • Settlor
  • Appointor
  • Trustee
  • Accountant
  • Auditor
  • Bank
  • Business Name
  • Investment Advisor
  • Lawyer
  • Liquidator

Beneficiaries/Unitholders

Depending on the trust type, under the corresonding tab, click Edit under Options to update details for any Beneficiaries or Unitholders.

mceclip7.png

 

Trust Events

Under Events tab, you can now update all asset transactions, liability, gifting, income, and expense transactions for a trust. click Edit under Options to update any events.

mceclip8.png

For details, see Trust Events.

 

Documents

Under Documents tab, users can view and upload all documents for a Trust.

For details, see Trust Documents.

 
 

 

 

Related articles