The Beneficiaries tab lets you add, view and manage beneficiaries of a trust. A trust must have at least one beneficiary at all times. | UI Expand |
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| title | To add a beneficiary |
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| - Select a client from My List and click Corporate Admin.
- Click the Beneficiaries tab.
- Click Add beneficiary located at the end of the current beneficiaries list.
- Select the beneficiary from the list of contacts:
To search for a contact, start typing their name in the field. A list of matching contacts in MYOB Practice displays. Select the contact. If there's no matching contact, click Create new contact to add them. They'll also be added to your MYOB Practice contacts list.
Enter the unit allotment details in the relevant columns.
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| UI Expand |
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| title | To edit a beneficiary |
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| - Select a client from My List and click Corporate Admin.
- Click the Beneficiaries tab.
- Click the
 icon for the beneficiary and choose Edit beneficiary.
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| UI Expand |
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| title | To remove a beneficiary |
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| - Select a client from My List and click Corporate Admin.
- Click the Beneficiaries tab.
- Click the icon for the beneficiary and choose Delete beneficiary.
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Beneficiary registerThe Beneficiaries register lists all current and former beneficiaries and details, including: - the Start date, when the person first became a beneficiary of the trust
- the End date, when the person stopped being a beneficiary of the trust
- the Type of beneficiary — corporate or individual
- the Address of the beneficiary.
To maintain an accurate history of beneficiaries, you can add the details of former beneficiaries as a historical entry. | UI Expand |
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| title | To add a historical entry to the Beneficiaries register |
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| - Click Add historical entry located at the end of the Beneficiaries register. The Search for beneficiary field appears.
Enter the name of the beneficiary and click on their name to add.
or
Click Create new contact,fill in their details and click Add beneficiary.
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