The government has just* protected $22,000 of tax free income for each minor every year on inheritance income in Testamentary Trusts.
Use a Testamentary Trust if you want to protect your family’s inheritance from:
- Your spouse’s new partner
- Your adult child’s relationship breakdown
- Your children wasting it once they turn 18
- Your adult child leaving it to their spouse instead of your grandkids
* PM Anthony Albanese announced on 18 June 2026 that proposed 30% minimum tax on discretionary trust income will not apply to discretionary testamentary trusts established for genuine testamentary purposes.
For assistance with Estate Planning contact Fleur Craig of Armour-Craig Legal on (03) 5636 4986 or fleur@armourcraiglegal.com.au.