Why you should think about a testamentary trust

Key Points What is a testamentary trust? Offers potential benefits to a wide range of investors We highlight pitfalls to be avoided discretionary trust with an individual, a group of individuals or a company appointed as trustee. We prefer a company for the same types of reasons we set out in Why your SMSF needs a corporate trustee. But if your SMSF uses a special purpose trustee company you’ll need to set up a new company (costing you $500-$700 to set up and about $236 a year in ASIC fees, at current rates). If you’re intending to make a...

discretionary trust with an individual, a group of individuals or a company appointed as trustee. We prefer a company for the same types of reasons we set out in Why your SMSF needs a corporate trustee. But if your SMSF uses a special purpose trustee company you’ll need to set up a new company (costing you $500-$700 to set up and about $236 a year in ASIC fees, at current rates).

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