Hi PC, Wanted some feedback or ideas on important inclusions for my father's will. Of course we are engaging a lawyer to draft it up properly,...
With trusts if the trustee retains the income of the trust the trustee will be taxed on this at the top marginal tax rate and the Medicare levy....
What happens if someone dies and leaves a minor child an asset to be held on trust until that child reaches a certain age and that child dies...
One downside of holding assets in a discretionary trust is they aren't part of your estate when you die and so can't end up in a testamentary...
Testamentary Discretionary trusts are one of the greatest ‘structures’ out there because the income of the trust can be distributed to minor...
Legal Tip 372: Trustees for Children and Land Sometimes land is held by a trustee for the benefit of minor children. This often happens when the...
When setting up your will it would be a good idea to plan ahead yet. If you don’t have children you may end up having some after the will is...
Where family circumstances permit, it may be worth considering having a bucket company owned by the oldest person in the family. Example Bart...
I am appointor, trustee and beneficiary of a discretionary testamentary trust account which has cash in the trust bank account that was a partial...
A great strategy is to leave assets to a TDT – Testamentary Discretionary Trust. Under NSW land tax law a beneficiary under a Testamentary...
Death allows for many strategies to be employed. Instead of paying off loans on properties they can be left in place to allow for debt recycling...
Hi everyone I had a couple of questions I was hoping you could help with. 1) is it possible to setup a discretionary trust so that it vests to...
Homer (68), Marge (62), and Bart jointly own a commercial property in NSW worth $1.8m with $960k in loans. They are considering a testamentary...
Say John owns all the shares in Holdco Pty Ltd. Holdco owns property. John dies. All assets including shares in Holdco go into a testamentary...
Some people see no reason to leave their estate to their adult children, and so want to bypass them to benefit their grandchildren. I have had...
When someone dies their assets pass via their will, or intestacy laws, without triggering CGT. The beneficiary’s cost base of the asset is...
For a testamentary trust, if trust capital increases as a result of say dividend reinvestment or investing using borrowings, is the increased...
Testamentary Discretionary Trusts (TDT) are the best sort of trust out there, but someone has to die for them to come into existence. So, they are...
A Grandparent wants to leave some money to their children, but they want their grandchildren to benefit too and are worried that if left to their...
Can anyone tell me what the differences are between these two trusts (established via will) where the beneficiaries in the will are limited to...
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