Testamentary Trusts: Not Just “Another” Trust?



Yüklə 387.78 Kb.
səhifə5/9
tarix14.08.2018
ölçüsü387.78 Kb.
1   2   3   4   5   6   7   8   9

1. Assets that don’t pass through Will


Asset

MV $

Anticipated CGT or income tax

Beneficiary




































2. Assets that pass through Will


Asset

MV $

Anticipated CGT or income tax

Preferred beneficiary
























3. Beneficiary


Name


Under 18/For how long

Assets at risk to creditors, ex spouse

Assets need protection from beneficiary








































































4. Planning


Questions

Answers

What does testator want to achieve?




What are alternatives to achieve this? What is best?




What changes should be made to assets passing through Will so more effective protection or tax advantages?




48What will testamentary trust achieve for Beneficiary 1?




What will testamentary trust achieve for Beneficiary 2?




etc






An example of how this could work


The aim is to direct the mind to planning issues and having decided the preferred approach, then to take the necessary steps to achieve the plans.

Julian has 4 children by his first marriage aged between 12 and 24. He is currently in a defacto relationship with Melanie and they have one child aged 2 (Michael). He wants to ensure Melanie has sufficient income to live off after his death but that all his assets end up with his children.


1. Assets that don’t pass through Will


Asset

MV $

Anticipated CGT or income tax

Beneficiary

Home

400

None

Joint tenant-Melanie

Assets in first family trust

200

n/r

Expect all children to share overall, 1st wife will be trustee when Julian dies

49Superannuation

300




Minor child or other dependant for tax benefits

2. Assets that pass through Will


Asset

MV $

Anticipated CGT or income tax

Preferred beneficiary

50Superannuation

300

It depends on who gets it

Minor child or other dependant for tax benefits

Shares

110

10 CGT

-

Investment property

500

100 CGT

-


Dostları ilə paylaş:
1   2   3   4   5   6   7   8   9


Verilənlər bazası müəlliflik hüququ ilə müdafiə olunur ©muhaz.org 2017
rəhbərliyinə müraciət

    Ana səhifə