This session covered:
- Reasons for using Testamentary Trusts - asset protection and taxation benefits
- testamentary trust integrity and anti-avoidance measures including the ATO's position on borrowing by the testamentary trust
- changes to Division 6AA of the ITAA 1936 and its impact on the administration of testamentary trusts
- dealing with main residences in Testamentary Trusts including the right to occupy and the acquisition of a new residence
- how to ensure superannuation death benefits obtain concessional tax treatment
- alternatives to testamentary trusts - leaving assets to a discretionary trust or an individual.