Understand the benefits of a Testamentary Trust in Estate Planning – Ask the Experts [video]

Testamentary discretionary trusts are great estate planning tools because they can offer tax minimisation, asset protection and flexibility.

Watch this video as Ken Raiss, Australia’s leading tax strategist,  and Michael Yardney explain the benefits of setting up a Testamentary Discretionary Trust which is a type of trust created under a will and comes into existence only upon the administration of the deceased estate.

 

We all know your will distributes property owned in your own name (estate assets) as you wish after your death.

But since a will is a legal document, it’s crucial that it be well written and articulated as well as witnessed so that it is properly executed under your state’s legislation.

Testamentary discretionary trusts are great estate planning tools because they can offer tax minimisation, asset protection and flexibility.

A testamentary discretionary trust is a type of trust created under a will, comes into existence only upon the administration of the deceased estate and has four elements: the trustee(s), the assets, the beneficiaries and the discretion.

Watch this video so you can understand why it may be worth considering including a Testamentary Trust as part of your will to better safeguard assets from family splits and improve the taxation on income or capital gains when young children are involved.

Here’s what you can do about Estate Planning:

Why not have a Strategic Session with Ken Raiss at Metropole Wealth Advisory?

If you want to be confident that you and your family’s financial future is secure, but you don’t necessarily have the time or expertise to manage your investments or your maximise your returns, Metropole Wealth Advisory can develop a tailored solution for you.

Before we recommend any investment strategies we take the time to fully understand your particular situation, your life goals, the relevant family dynamics and any existing financial structures.

By understanding your financial goals, your aspirations and needs, the purpose of your wealth, your priorities and your “end game” we can we can tailor a solution specifically for you.

Click here now and learn more about Metropole Wealth Advisory’s range of services and book a time for a Strategic Consultation.

Disclaimer

This video and article is general information only and is intended as educational material. Neither Metropole Wealth Advisory nor its associated or related entitles, directors, officers or employees intend this material to be advice either actual or implied. You should not act on any of the above without first seeking specific advice taking into account your circumstances and objectives.

Now read: How a Testamentary Discretionary Trust Can Save You Capital Gains Tax

from Property UpdateProperty Update https://propertyupdate.com.au/ask-the-experts-video-understand-the-benefits-of-a-testamentary-trust-in-estate-planning/