201705.23
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Can I exclude my stepchild from my Will?

With the growing number of blended families, the need for parents to financially assist their children and stepchildren in purchasing property, the aging group of baby boomers, the growing number of Self-Managed Superannuation Funds and aging family businesses, Australians are experiencing a significant increase in the number of family provisions claims and contested estates. Statistics…

201703.22
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Testamentary Trust

What is a Testamentary Trust? The implementation of a testamentary trust in your estate plan allows you to set up a method of managing the income and capital of your estate for the benefit of minors and beneficiaries, ensuring that your assets and wealth are protected in the future. A testamentary trust will come into…

201701.30
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3 Key Taxation Pitfalls To Avoid

Introduction The proper use of testamentary trusts can offer many benefits and flexibility in managing generational wealth transfers, including tax benefits for distribution to minors. However, the consequence of getting a “simple will” or failing to obtain the right advice to assist with the implementation of drafting the terms of the testamentary trust is often…