I have young children. If my wife and I die in the same event, I would like our wills to create a DTT but I have some questions. 1) will all...
Superannuation proceeds trusts are trusts that segregate super received into an estate upon death. The main reason for this is to avoid death...
Testamentary Discretionary Trusts, TDTs, are the ultimate structure. People are dying to get them they are so good. Testamentary trusts are...
Normally a property held by the trustee of a discretionary trust will not qualify for the main residence CGT exemption. See Tax Tip 52: Trusts...
Children under 18 pay high rates of tax on unearned income. Their tax rate is generally a flat 45% if they earn more than $1,307 per year (as of...
Testamentary trust are trusts set up in the will of a deceased person. They don’t actually begin until after the death, and actually after the...
Where the income is derived from a deceased estate it can be taxed in the hands of minor children at adult rates. It is ‘excepted trust income’...
When a person dies their assets pass via the will or the intestacy laws. Where there are bank accounts involved the cash in these will pass also....
Last tip I mentioned that if a person leaves Australian shares to a non-resident beneficiary this could trigger CGT for the estate even if the...
Scernario regarding Mr Xs will. Mr X owns 2 residential properties in Vic, great land value, not so great rental value, and $200k in bank. Mr...
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