By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) Key Points Many estates pass assets equally to children. After death, one or more children may decide they wish to take exclusive ownership over certain assets. Using the normal approaches,
Reallocating estate assets – after death without tax
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) A common estate plan is to draft the Will to pass the estate to identified beneficiaries (either named persons or testamentary trusts in equal shares). The portion of the estate
Main Residences in Estate Planning – Caution Required
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) The use of testamentary trusts in estate planning (particularly for clients with a reasonable level of income producing investments) is relatively standard practice. It is not uncommon in preparing the
Do trusts protect assets from divorce?
By Domenic Festa (Accredited Tax Specialist and Chartered Tax Adviser) A common question for anyone generating a degree of wealth is how can I protect my assets from divorce and can trusts protect assets from divorce. The short answer is