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Mon, 07 Aug


Online Event - Zoom

Launch of the SMSF Testamentary Trust: An All-in-One Solution

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Launch of the SMSF Testamentary Trust: An All-in-One Solution
Launch of the SMSF Testamentary Trust: An All-in-One Solution

Time & Location

07 Aug 2023, 12:30 pm – 1:30 pm AEST

Online Event - Zoom

About the event

In this webinar Grant Abbott from Abbott & Mourly Lawyers and LightYear Docs will be looking at how accountants, financial planners, SAPEPAA and SMSF Advisers can offer SMSF Wills - an advanced BDBN with an in-built testamentary trust. But this is no ordinary testamentary trust as it is covered by special purpose tax provisions - separate from standard Will based TTs that provide all the benefits of a TT including adult tax rates for minors.

Here are the key benefits of a SMSF Testamentary Trust:

  • Control Over Assets: A SMSF testamentary trust allows the testator (the person making the will) to exert control over how their super assets are used and distributed after their death.
  • Protection of SMSF Dependants: SMSF Testamentary trusts can protect beneficiaries who are minors, have disabilities, or may not be able to manage their own finances effectively.
  • Protection from Creditors and Legal Claims: Assets held within a SMSF testamentary trust are generally protected from the beneficiaries' creditors and in most cases family law actions
  • Tax Benefits: SMSF testamentary trusts can offer significant tax advantages. Income distributed to minors from a testamentary trust is taxed at adult rates, rather than the higher tax rates typically applicable to unearned income received by minors. This can result in substantial tax savings.

Most importantly a SMSF testamentary trust shields the superannuation from a family provision claim and enables access to monies before probate! Post the event Strategist users of the LightYear Docs platform will be able to build a SMSF Testamentary Trust.

Attendees will receive one-hour CPD plus slides, a replay of the webinar and bonus client email detailing client benefits, data capture plus what to charge clients.

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