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.
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
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