Financial Planner Luke Smith joined 2CC Talking Canberra in Money Matters, that aired live on Friday 19 June 2026 with 2CC’s Leon Delaney. The topic is: What is a testamentary trust and how does it benefit the next generation if something was to happen to you. In this episode Luke takes a deep dive into this estate planning consideration. It’s a must listen if you have children.
But before they dive into this week’s topic, they talk about the amendments that are now being made from the Federal Budget announcements. Are these back flips? It’s definitely good news for all those that will benefit from the changes. The testamentary trust backflip is also a great outcome, and a great topic for this week’s podcast.
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:
- What is a testamentary trust?
- When do they come into effect?
- What are the benefits of this trust for your beneficiaries?
- There is a specific benefit for minors from a tax perspective.
- What about blended families?
- You must consult with experts, an estate planning lawyer is an essential party to use.
- The deed of the trust is especially important.
- Don’t dismiss the importance of a well written Will.
- Luke shares his thoughts on setting up a testamentary trust.
Our podcast is also available on Apple Podcasts, Spotify and YouTube – ‘The Strategy Stacker – Luke Talks Money’
Do you need advice to help your money grow and estate planning matters?
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). He can also talk to you about testamentary trusts and refer you to an estate planning expert if you need one. 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. 
