Transfer of investment property via a will to a family trust

Discussion in 'Wills & Estate Planning' started by Gangadhar Josyula, 20th Dec, 2020.

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  1. Gangadhar Josyula

    Gangadhar Josyula New Member

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    20th Dec, 2020
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    Location:
    victoria
    We have an investment property which will be transferred to our son's family trust via a will after our death.

    Would stamp duty payable by his family trust on transfer to the property in Victoria?

    Regards
     
  2. Trainee

    Trainee Well-Known Member

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    Australia
    Why transfer to a family trust from an estate? As opposed to a testamentary trust?
     
    Pingu1988 likes this.
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No duty usually on transferring assets from a LPR to a beneficiary.

    But, I suggest you don't do that. Get some legal advice.