A Unit Trust is a type of Trust where there are specific interests in the Trust in respect to the assets and liabilities. Unit Trusts do not have an Appointor. ... Instead, you generally need a 75% resolution by the unit holders to remove the Trustee.

Who is the appointor of a unit trust?

The settlor: The settlor is the person responsible for setting up the trust and naming the beneficiaries, the trustee and, if there is one, the appointor. For tax reasons, the settlor should not be a beneficiary under the trust. The trustee: The trustee (or trustees) administers the trust.

Does a fixed unit trust have an Appointor?

It is not essential that the trust has an appointor. CGW deeds will work with or without an appointor. However, it is useful to have an appointor to change the trustee in situations such as death or insolvency of a trustee. The appointor may be an exisitng trustee, a named beneficiary or a third party.