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Are Will Wizard's Wills written and checked by lawyers in Australia?
Yes. At Will Wizard, we rely on CCH Pinpoint® for our specialist legal information and on our consultant estate planning solicitors.
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Can Wills deal with discretionary trusts?
Yes - they can. However, whether the discretionary trust can be transferred via the Will depends on the terms of the discretionary trust.
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What are the tax rates on testamentary trusts? What is the capital gains tax rate on a trust?
The income tax rates on income earned from assets in a testamentary trust are the same as personal income tax rates.
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Standard Will or Testamentary Trust Will? Make an informed choice.
We've created this simple video that explains the differences between standard Wills and comprehensive testamentary trust Wills.
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Is stamp duty payable on a testamentary trust?
Stamp duty is not payable on the transfer of assets into a testamentary trust, unlike the transfer of assets to a trust during your lifetime
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Can you vest (end or terminate) a testamentary trust?
Yes - you wind up or vest (end) a testamentary trust at any time, however it does depend on the terms of the trust. Testamentary trusts...
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Can a testamentary trust lend money to beneficiaries?
It depends on the terms of the trust, which are the rules by which the trust is managed.
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Can I add money into a testamentary trust?
Any money or assets you add to an existing testamentary trust will not enjoy the tax and asset protection privileges of a the trust.
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How does a testamentary trust work?
A testamentary trust is a trust created by a Will on the death of a Will owner for the benefit of the beneficiary.
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