Estate and Succession Planning Series - Part 2: Testamentary Trusts

Published on 09 Nov 2020 | Took place at Online, National

This session covered:

• Reasons for using Testamentary Trusts – asset protection and taxation benefits
• testamentary trust integrity and anti-avoidance measures including the ATO’s position on borrowing by the testamentary trust
• changes to Division 6AA of the ITAA 1936 and its impact on the administration of testamentary trusts
• dealing with main residences in Testamentary Trusts including the right to occupy and the acquisition of a new residence
• how to ensure superannuation death benefits obtain concessional tax treatment
• alternatives to testamentary trusts – leaving assets to a discretionary trust or an individual.