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- Title
Testamentary discretionary trusts: practical implications.
- Authors
Streeter, Mark
- Abstract
The article explores the practical implications of testamentary discretionary trusts in estate planning, discussing their benefits, limits, and the functions of executors and trustees. It highlights the advantages of utilizing these trusts for asset protection, wealth management, and flexible taxation while also addressing circumstances where placing assets in a testamentary trust may not be suitable due to factors like transfer duties and land tax liabilities.
- Subjects
DISCRETIONARY trusts; SURVIVORS' benefits; TRUSTS &; trustees; INCOME tax rates &; tables; FAMILY business succession; LIVING trusts; SOCIAL Security (United States)
- Publication
Taxation in Australia, 2023, Vol 58, Issue 3, p147
- ISSN
0494-8343
- Publication type
Article