The Art of Estate Planning Podcast
#45 Tax-Free Income for Minors? Here’s How Testamentary Trusts Work
21 Jul 2025
One of the most powerful (and intimidating) features of testamentary trusts? Their ability to stream tax-free income to minors thanks to the excepted trust income rules. If you start breaking out in a sweat the minute you have to start explaining HOW and WHY testamentary trusts offer such incredible tax free treatment for minors - this episode is for you! And here’s the good news: you don’t need to be a tax expert to understand (and learn how to explain) this incredible benefit of a testamentary trust. This is trust talk for non-tax lawyers. I break it down in plain English with real world scenarios about why this feature of testamentary trusts is a life changing silver lining for families who have just been through the worst moment of their lives.
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