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3 Generation Testamentary Trust Form

3 Generation Testamentary Trust Form

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paul keating was the treasurer that introduced capital gains tax in 1985 and he said with his hand on his heart there will be no de facto death duties in this country well unfortunately mr keating was wrong because capital gains tax is now a major form of de facto death duties together with income tax and stamp duty that's a middle class tax you can wash out these taxes by careful estate planning such as preparing a three generation test which trusts will now three generation testamentary trust is just a set of rules in your will allowing the children or yourself if you'd say your husband dies and you can set up testament to trust yourself a three generation testament you trust they are discretionary of nature that's its first valuable thing which means that if a child doesn't want a testament to trust they don't need to use them so if you've got four children the youngest made say look i don't care about saving taxes i want the money and go they can take the money directly and not for

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