Sunday, March 1st, 2009 at
11:44 pm
If you are concerned about protecting your assets after your death then you need to seek professional estate planning advice to set up a testamentary trust. This asset protection method will reduce estate taxes in several ways; children can inherit up to $6,000 tax free and the part of the estate can be distributed annually to all recipients thereby sharing the burden in a more effective manner.
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Sunday, February 15th, 2009 at
11:41 pm
A visit to the Australian Tax Commission website to find out more about what to do in the event of a loved one’s death ends with a paragraph about establishing a testamentary trust. You will find out that a testamentary trust is created by a will, and that it does not begin until after the person who has made the will has died. Read the rest of this entry
Thursday, February 5th, 2009 at
11:51 pm
Who will take care of our children? This question, more than any other, spurs couples to begin making a will. It is scary to acknowledge our own mortality; but it is even more frightful to imagine a world where our children grow up without us and without the unconditional love that only parents can provide.
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