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To complete a Declaration of Trust Transaction in DOL, begin by hovering over the Create tab and selecting the transaction type. Enter the details of the Trust, including the type (Discretionary, Fixed, or Unit), noting that Hybrid and Bare Trust transactions use the SRO Duty Determination process. After choosing the trust type, input the trust name and date of execution. Add the trustee’s details by selecting "Add a new trustee," entering the required information, and clicking OK. Optionally, you can include comments. After selecting "Estimate," review the summary screen showing the entered information and the duty payable. Acknowledge this information, then choose a payment method (EFT, Bpay, or Cheque) and select "Commit to Pay."
