A testamentary trust (TT) is a trust that is created on the death of a person. For example a special disability trust created on the death of a parent for their child has significant asset test and tax exemptions. The traditional TT, which is created by the Executor to the legal estate is well known but it is also problematical with recent tax changes and also an uptick in family provisions claims. Lesser known, still with tax benefits but outside of family provisions claims is the superannuation testamentary trust. flowing from super directly, whether retail, industry super or SMSF. Also is the life insurance TT. In this session with Grant Abbott, Michael Jeffriess. Tony Anamourlis and Tim Munro - the four strategy amigos, we will look at the various TTs, when to use and when not to use, advising clients on TTs plus a run through of our brand new Guide to TT with a data capture for use with your clients. You can even put your name on the cover alongside Grant Abbott. This session is not to be missed by any accountant or planner seeking to build a new brand line for their business.
This session will have one hour CPE for tax agents and for FASEA/ASIC it is 0.5 client care and 0.5 technical