Don't Panic About Trust Changes Just Yet | Fine Answers Podcast Episode 166
About this episode
Ben Kemp and Tristan Burke discuss the implications of proposed trust tax changes for estate planning in Australia.
With all the noise around proposed trust tax changes, it's understandable that plenty of Australians are wondering what it could mean for their estate planning and wealth structures. In this episode of the podcast, Ben Kemp sits down with Tristan Burke to unpack the proposed changes to discretionary and testamentary trusts, why it's too early to panic, and the practical steps people should be considering while we wait for legislation. The conversation also dives into common estate planning pitfalls, the importance of understanding who controls your trusts, how superannuation death benefits work, and why having an up-to-date will is still one of the most important things you can do. Key takeaways: Proposed trust tax changes are not yet law — avoid making rushed decisions until the legislation is released. Testamentary trusts offer benefits beyond tax planning, including asset protection, flexibility, and intergenerational wealth transfer. Many business owners and investors don't fully understand who controls their trust structures or what happens if they lose capacity or pass away. Superannuation doesn't automatically form part of your estate — binding nominations and estate…
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