How to structure your will, testamentary trusts, avoid fights and what else to do
The two certainties: death and taxesThere are two unfortunate certainties in life; death and taxes. And, unfortunately, tax cannot be avoided (legitimately) even by dying.Australia is one of the very few countries in the world that has no death taxes. However, although there is no tax levied on the property of a deceased person, there may be tax consequences flowing from the dealings with the deceased assets.This blog outlines some of the key considerations you must address.The deceased estateWhen a person dies, an executor or administrator takes control of their assets. The executor named…
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