Testamentary Trusts Why we believe everyone needs one incorporated into their will.
In Australia, testamentary trusts have become useful for more people than ever before. They're not just for the wealthy anymore. In
this article, we'll explore how changing family dynamics, concerns about mental health, and the wealth of older Australians have made
testamentary trusts important for regular folks like you and me.
A Change in How We Use Them
Once upon a time, only wealthy people used testamentary trusts. They used them to control what happened to their money after they passed
away. Back in the early 20th century, there were fewer blended families, and men usually had more control over the money. Wives were often
in a tough spot financially if their husbands died. Testamentary trusts were a way to make sure family members got money regularly and that
their kids' education was paid for if something happened.
Thankfully, things have changed, and so have the reasons for using these trusts.
Setting up a testamentary trust doesn't have to be complicated, reach out to Smart Business Solutions for assistance with all your Estate
Planning needs, including Wills and Testamentary Trusts, to ensure your hard-earned assets are managed in line with your preferences.
Your Money. Your Way.
Protecting your family's financial future with testamentary trusts
Minimum Wage Is Going Up - Here's What Employers Need to Do
The Fair Work Commission (FWC) has handed down its 2026 Annual Wage Review, and the numbers are in. From 1 July 2026, the
national minimum wage will rise by 5.97%, and modern award minimum rates will increase by 4.75%.
The Federal Budget, delivered on the night of May 12 2026, was one of the most significant in years. We know you will have questions — and
we have put together this document to answer the ones we are hearing most.