Australians suffering from dementia or cognitive decline could be hit by a “death tax” under the Albanese government’s plans ...

The federal government has left the door open to further changes after coming under pressure for including future ...

Unlike a family trust created during life, a testamentary trust allows income distributed to a child under 18 to be taxed at ...

Labor says their trust taxation reforms close trust loopholes. The Opposition says they tax inherited wealth by stealth.

The opposition has dusted off an infamous scare campaign. So what exactly is changing?

Wealth Lawyers Director Anthony Hunt warns testamentary trusts that arise only after death may miss protection, leaving ...

Trusts cannot effectively retain earnings and need to distribute 100 per cent of them each year. Losses also cannot be passed ...

The Coalition seizes on the federal government's broken tax promises, claiming a "death tax" has been sneaked into changes to trusts passed on through inheritance. The treasurer says that is a scare ...

Some Australians have benefited for decades from a secretive arrangement that allows them to hide assets and reduce tax.

As Money writer Paul Benson pointed out this week, for the vast majority of us, these changes will mean very little − you can still save into super and your main residence is still exempt from CGT.

Add Yahoo as a preferred source to see more of our stories on Google. If you are drawing up your will and want to leave money to a minor child, using a testamentary trust is one way to do so. This ...

A testamentary trust helps with overall wealth management by protecting the testator’s assets after their death. This type of trust can be used to name minors as beneficiaries of the testator’s estate ...