The Australian Guide to Wills and Estate Planning by Simpson Andrew;

Author:Simpson, Andrew; [Simpson, Andrew]
Language: eng
Format: epub
ISBN: 9780730373209
Publisher: John Wiley & Sons, Incorporated
Published: 2019-06-20T00:00:00+00:00

Estate-planning implications

If you are the parent or guardian of a person with a disability and you wish to make provision for them in your will you should work out whether a special disability trust is relevant to your estate planning. If the trust is of potential benefit, your will needs to be drafted flexibly to provide your executors with the ability to do one or more of the following:

establish an SDT for the principal beneficiary

establish an all needs protective trust for the principal beneficiary

contribute to an SDT if one has already been established by the time you have died (given that a principal beneficiary cannot have more than one special disability trust established for them)

contribute to superannuation on behalf of the principal beneficiary.

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