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Trusts

Testamentary Discretionary Trusts

When planning for the next generation, testamentary discretionary trusts are a great device, a great thing to use under a Will in helping the next generation manage their risk and keep the tax down.

Further, if someone is making provision for an older person, a testamentary discretionary Trust may be a very helpful way of providing for them. For example, the testamentary discretionary Trust may provide that the older person is only an income beneficiary and not a capital beneficiary. That will mean that the underlying assets of the Trust should not be taken into account in working out social security entitlement.

 

Special Disability Trusts

A Special Disability Trusts offers excellent estate planning opportunities in providing for older Australians that may be under a special disability.