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Testamentary Discretionary Trusts

Published on 19 Jun 2020 | Took place at Online, VIC

Testamentary discretionary trusts are created under a will and can provide various asset protection, taxation and discretionary benefits. When drafting new testamentary discretionary trust wills, in additional to the potential very significant asset protection provisions, the tax consequences and trust law requirements must be carefully considered. The purpose of this session was to consider testamentary discretionary trusts in light of asset protection, tax and trust law elements.

Individual sessions

Testamentary discretionary trusts

Author(s):  Justin Hartnett,  Rod PAYNE

This paper covers:

  • what is a testamentary trust?
  • reasons for testamentary trusts – asset protection
  • reasons for testamentary trusts – taxation benefits
  • reasons for testamentary trusts – others
  • structuring testamentary trust wills.
Materials from this session: