For example, a second to die policy may provide a death benefit to future generations as part of a revocable living trust distribution plan. (insuranceandestates.com)
For example, a second to die policy may provide a death benefit to future generations as part of a revocable living trust distribution plan. (insuranceandestates.com)
However, family trust distribution tax (FTDT) applies to distributions made from these trusts if the trustee confers a present entitlement, or distributes income or capital, makes concessional loans or otherwise provides or allows the use of income or capital of the trust for less than its market value to a person or entity that is outside the trust's family group. (ato.gov.au)