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  Estate planning Succession 2012

Life estates

Source: New South Wales

Published Date: 8 Aug 2012

 

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This paper examines some of the issues to be considered by an estate planner when considering the use of life estates and whether this approach still has a role in the modern will. The paper considers some of the general issues relating to testamentary trusts:

  • nature of life interests and reversions
  • capital gains tax and life estates
  • practical application of taxation ruling TR 2006/14
  • advantages of the testamentary trust with life and reversionary interests
  • aset protection and testamentary trusts
  • the master trust concept role of family agreements in the estate plan.
Author(s)

Individual Session

Life estates

Author(s): Emma Munro CTA , Kevin J Munro CTA
Materials from this session:

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Estate planning Succession 2012

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