Published on 08 Aug 12
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Testamentary trusts present a unique opportunity for a will maker to rule from the grave and/or to provide a tax effective investment vehicle to store and grow family wealth. Structured correctly a testamentary trust can provide benefits to beneficiaries many years into the future after the will maker’s death.
This paper covers:
- what is a Testamentary Trust?
- advantages of Testamentary
- taxation issues surrounding Testamentary Trusts - current and perennial
- aspects in relation to the structuring of Testamentary Trusts.
Dung Lam is a Senior Associate at Argyle Lawyers with close to 20 years’ experience in advising on a wide
variety of taxes including income tax, capital gains tax, GST and state taxes such as duty, payroll tax and land tax.
Dung also has extensive experience advising on taxation trusts, superannuation issues in the self-managed
superannuation funds arena and tax issues related to estate planning. Dung advises a broad range of clients
ranging from corporates, small to medium enterprises, high net worth individuals, professional firms, accountants and their clients.
Dung is a Chartered Tax Adviser, full member of the Society of Trusts and Estate Practitioners, an accredited Specialist
in Business and Personal Tax with the NSW Law Society and a member of the NSW Law Society Liaison Committee
with the Revenue NSW.
- Current at
08 November 2017