22/05/2026
For decades, testamentary trusts have been a cornerstone of estate planning, valued for their ability to provide both tax efficiencies and asset protection for future generations.
That may be about to change.
As part of the latest Federal Budget, the government has proposed a 30% minimum tax on distributions from both existing and new discretionary trusts from 1 July 2028. This is a move that could significantly impact testamentary trusts and long-term succession planning strategies.
In our latest insight, Joel Kurta, Laura Hussey, Rachael Hocking and Ines Kallweit unpack what these proposed reforms could mean, why they matter, and the key considerations for individuals and families moving forward.
Read the full article on our website: https://khq.com.au/blog/do-we-need-to-rethink-testamentary-trusts-after-2028/