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  Miscellaneous 2006

A matter of trusts: Death and no testamentary trusts - is it too late for minor children?

Source: Taxation In Australia Journal Article

Published Date: 1 Feb 2006

 
Testamentary trusts are recommended by practitioners engaged in estate planning for asset protection reasons and also, in some part, for the concessional tax treatment afforded to income of the testamentary trust distributed to or applied for the benefit of beneficiaries under the age of 18 years (minor beneficiaries). This article looks beyond the use of testamentary trusts in estate planning and analyses opportunities that may or may not exist for concessional tax treatment to be afforded to income derived by minor beneficiaries from a trust estate that is not a testamentary trust (ie an inter vivos trust).
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