How to edit trust profiles
After a trust has been set up, a profile can be edited in three ways:
1. Using the edit button from the Clients gallery:
2. Using the update buttons in the slide out panel:
3. Entering the trust workspace (by clicking on the name) and then selecting edit in the top right corner of the workspace:
After selecting edit you will be directed to the update trust form, where you can add/edit all the essential details about the entity.
Navigate between the tabs on the left, select update to save information in each tab, or update and close to exit the form.
Fields available to edit in the profile are:
General Details
Legal name
Trading name (if different)
Type of trust (Family, Estate, Trading, Charitable, Investment, Farming, Business value protection, Living, Property, Testamentary, Standby, Other)
Trustee decisions require Unanimous/Majority approval
General notes on the terms of the trust
Power of appointment
Distributions within 6 months (not aware/yes/no)
Distributions of gross income (not aware/yes/no)
Investment strategy notes
Name of bank
Account name
Account number
Notes on banking arrangements
Client Administration
Business unit (see more here)
Partner (see more here)
Manager (see more here)
Client reference
Practice management ID
Set up status (see more here)
Annual review date
Contact Details
Email address (primary contact)
Website
Primary phone number
Other phone number
Physical address
Postal address
Dates & Events
Date of settlement
Vesting date
Vesting event
Gifting (anniversary) date
Annual general meeting
Tax & Finances
Tax residency country
Subject to foreign tax requirements (not aware/yes/no)
Tax ID number
Other tax number
Tax code
Files tax return (not aware/yes/no)
Annual balance date
Subject to FATCA reporting (not aware/yes/no)
Giin
Subject to CRS reporting (not aware/yes/no)
Financial classification (not specified, passive non financial entity, active non financial entity, reporting NZ financial institution, non reporting NZ financial institution)
Notes & Comments
Summary notes
Associated Parties
Add people and other entities into the trust and assign their roles. See more: Adding Associated Parties to a Trust
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Edit existing associations, for example: