Luke on 2CC – What is a testamentary trust and why might you need or want one in your Will?

The Strategy Stacker - Luke Talks Money

Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, which aired live on Friday 19 September 2025. The topic for this week is: What is a testamentary trust and why might you need or want it in your Will? Luke is joined by Leon of 2CC explore how a testamentary trust can provide you with greater certainty and protection in your estate planning. Go raiders if you’re following the NRL!

Thank you for joining us live on 2CC, YouTube, Spotify or your favourite podcast streaming service for ‘The Strategy Stacker – Luke Talks Money’.

Key topics covered include:

• Alot of adults have out-of-date estate planning documents and no Will at all.
• This podcast is a good reminder to revisit your estate planning and consider if a Testamentary Trust should form part of your Will.
• Your Will directs what happens to all of your assets but does not include your superannuation or pension from superannuation.
• What is a testamentary trust and what does it do?
• What are the benefits of including a testamentary trust for your children?
• Is the solicitor asking you the right questions when setting your Will?
• Is your solicitor a specialist in family and estate planning law?
• Luke provides an example of what happens to adult children when they inherit.
• Binding nominations in your superannuation also need to be properly considered as part of your estate plan.
• Should your binding nomination be payable to your estate rather than specific beneficiaries?
• A testamentary trust cannot be added to your Will after the event, so if you don’t have it, your beneficiaries will miss out.
• Luke shares his top tips to consider when considering estate planning, Wills, and Testamentary Trusts.

https://www.envisionfinancial.com.au/wp-content/uploads/2025/09/The-Strategy-Stacker-Luke-Talks-Money-19092025.mp3

Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’

Do you need a Testamentary Trust as part of your Will?

Have you explored the idea of adding a testamentary trust to your Will? It can provide you with greater peace of mind and offer great protection and tax benefits for your beneficiaries. Estate planning can be complex, so do it right. Seek advice if you need help.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals, including investment, super and retirement (including transition to retirement). Simply make an appointment to confidentially discuss your goals. Call Envision Financial Services on 6260 4749. You can use the contact us form to make an appointment, for a confidential discussion about your own goals and situation.

Luke will return to 2CC to talk about other ‘Money Matters’ next week, we hope you can join us. You can also catch up with ‘The Strategy Stacker – Luke Talks Money’ podcast at a time that suits you.

We look forward to your company again. Luke’s book Smart Money Strategy is out now.