Why Your Parents Need Tax-Effective Wills: or how to pay 13% tax on $200,000 p.a.
Author: Stephen Gethin, Director, Fortuna Legal
Large tax savings through “full-family” income splitting
Most people look at wills solely from the perspective of the benefits to their family after they leave this world. While that remains a vital consideration, there are also substantial benefits if you can arrange for those who wish to leave assets to you to do so in the most tax-effective way.
