1. An infant beneficiary receives a distribution of income from a deceased estate, a testamentary trust and a family trust.  Which of the following is correct: The distribution from the deceased estate will be taxed the most The distribution from the testamentary trust will be taxed the most The distribution from the family trust will be taxed the most The distributions from the deceased estate and from the testamentary trust will be taxed the most The distributions under the deceased estate, the testamentary trust and the family trust will all be taxed the same   2.

icon
Related questions
Question

1. An infant beneficiary receives a distribution of income from a deceased estate, a testamentary trust and a family trust.  Which of the following is correct:

The distribution from the deceased estate will be taxed the most

The distribution from the testamentary trust will be taxed the most

The distribution from the family trust will be taxed the most

The distributions from the deceased estate and from the testamentary trust will be taxed the most

The distributions under the deceased estate, the testamentary trust and the family trust will all be taxed the same

 

2. An individual is concerned that his Will might be contested following his death, or that the assets forming part of his estate might be available to his creditors in the event that he might die insolvent. 

Would you suggest to the individual that he serve a binding death benefit nomination on the trustees of the superfund in which their superannuation is managed?

Yes     No      Either way, for it makes no difference

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS