Tax effective distributions through your Will

Key points

• An estate plan ensures wealth is dealt with after death as intended while minimising the impact of tax consequences, family disharmony and challenges against the estate.
• Testamentary trusts are created by a Will to provide a greater level of control over distribution of assets.
• There is no “one size fits all” structure. Planning is essential.
• It is important to seek qualified advice before implementing a testamentary trust in your estate plan.

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Project code: ORM00017

Region: West

• Farm business management fact sheet: Tax-effective distribution through your Will (High resolution)
• Farm business management fact sheet: Tax-effective distribution through your Will (Low resolution)