Estate planning: Not an exercise just for the rich and famous paper
Published on 17 Oct 19
by VICTORIAN DIVISION, THE TAX INSTITUTE
This paper covers:
- estate planning and “four worlds”: prevention is better than a cure
- ownership structure
- what is a testamentary trust?
- the family home: asset protection and maintaining the Division 118 main residence exemption on death taxation advantages of testamentary trusts
- structuring testamentary trusts to protect vulnerable beneficiaries
- other benefits of testamentary trusts: Bankruptcy & family law.