Ask the Experts [video] — Understand the benefits of a Testamentary Trust in estate planning

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

Watch this video as Ken Raiss and Michael Yardney explain how a testamentary discretionary trust 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.

Testamentary TrustBut 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.

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.

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.

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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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