Estate Planning

Tax

Are BDBN’s effective in achieving your estate planning wishes?

Amanda Guruge, November 10 2021

Binding Death Benefit Nominations (‘BDBN’) direct trustees to pay death benefits of a member in line with the member’s wishes. They are useful documents that assist in avoiding messy dispute about an estate – however they need to be executed properly to be effective and be in line with the member’s

Tax

CGT event K3 - Key to estate planning

Bruce Collins, July 13 2021

Australia doesn’t have death taxes – right? - The potential trap of CGT event K3 Generally, where assets pass to beneficiaries through an estate, capital gains are disregarded – as Australia does not have death or inheritance taxes. The one exception is where assets of an estate pass to a tax-advantaged entity such as: an exempt entity; the trustee...