Trusts 2019

Testamentary trusts: The need for integrity, effectiveness and quality

Source: The Tax Specialist Journal Article

Published Date: 1 Feb 2019


The greatest transition of intergenerational wealth and an ageing population are together compounding the complexity of modern succession planning. Against this socio-economic backdrop, the utility and relevance of testamentary trust structures cannot be understated. The income tax benefits and asset protection afforded by testamentary trusts can achieve significant outcomes for the succession of family wealth. However, testamentary trusts should not be viewed as a catch-all vehicle that are relevant or appropriate for use in all circumstances. There is an increasing need for advisers to turn their minds to the integrity, effectiveness and quality when drafting testamentary trusts to ensure that their clients' succession planning objectives can be achieved.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now

Already a Subscriber? Login now


The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))


The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.


Trusts 2019

Share this page