Published on 12 Aug 08
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This paper covers:
the nature of testamentary trusts
the advantages and flexibility associated with the use of testamentary trusts
future asset protection considerations
the desirability for testamentary trust wills for ‘at risk individuals' whose principal residence is owned by the ‘non at risk spouse'
the continued applicability of the Main Residence CGT Exemption
Superannuation Proceeds Trusts and the desirability of superannuation being directed to non dependants via testamentary trusts.
Philip McGovern CTA
Phil McGovern, CTA is a Partner with Mellor Olsson working in their Estate Planning & Commercial Division. Phil has in excess of 30 years' experience working with clients across a wide spectrum of industries and occupations, including clients involved in business, professionals and families generally, whom he assists in the Commercial and Transactional Law, Asset Protection, Estate and Succession Planning and Estate Administration fields. Current at 12 August 2013
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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