When there is a trust
A testamentary trust is a trust that is set up under a valid will. Find out more about testamentary trusts and tax obligations.
A testamentary trust is a trust established under a valid will, but it's not the same trust as the deceased estate.
Depending on who is appointed as the trustee and appointor of the testamentary trust, there may need to be a high level of co-operation between family members.
This ensures that necessary tax, financial and other information is shared for the trust to operate effectively.
The Australian Taxation Office has more information about testamentary trusts.