The Latest Update on the Proposed Discretionary Trust Tax changes
The latest update from today, 19 June: Discretionary testamentary trusts in Wills included for genuine testamentary purposes (yet to be defined) will be exempt from the proposed 30% minimum tax on discretionary trusts, provided they are structured to benefit only individuals or income tax exempt entities.
Division 296 Tax: Why It Matters for Your Estate Planning
The Federal Government’s introduction of Division 296 of the Income Tax Assessment Act 1997 (Commonwealth) is one of the most significant recent changes to the superannuation system. The Act commences from 1 July 2026.
Proposed Discretionary Trust Tax changes: What they mean for Testamentary Trusts and Estate Planning
The Federal Government has proposed major discretionary trust tax changes, including a 30% minimum tax from 2028. Learn how the reforms may affect testamentary trusts and estate planning.
Episode 02: The assets your Will doesn’t cover and what happens to them when you die
Most Australians have a Will that covers their house, car and bank accounts — but what about their Bitcoin, Netflix account, online share portfolio, or the Instagram account with 50,000 followers that earns advertising revenue?
For most people, these assets simply vanish or become inaccessible when they die.
Why Enduring Powers of Attorney Matter and Why Your Choice of Attorney Matters Even More
Among the most important legal tools available to protect your wellbeing and financial security are Enduring Powers of Attorney (for Financial and Personal Matters) (EPA).
Podcast: Marriage, Separation and Estate Planning
This podcast looks at the impact of marriage, separation, and divorce on the Wills of couples, whether married or de facto. It explores the interplay between family law areas such as Binding Financial Agreements “BFA’s” and the laws concerning wills and deceased estates.
Restrictive Practices in Aged Care
As of 1 July 2025, Aged Care Restrictive Practices Substitute Decision-maker Act 2024 (Victoria) (Act) has come into effect, which formally recognises who can act as a Restrictive Practices Substitute Decision-Maker (RPSDM).
Planning for the Future: Why You Should Include Digital Assets in Your Will
At iWills Legal, we believe that your digital life deserves just as much attention as your physical one, in your estate planning considerations.
Your Estate Planning and Vacant Residential Land Tax
Recent Victorian Vacant Residential Land Tax (VRLT) changes will take effect in January 2025.
Preserve your legacy: Essential questions to ask for estate planning
‘Estate planning’ describes the process of putting the right structures in place for the transition of your personally owned and controlled assets after death.