Death Tax? Another “Promise” Just Died — Middle Class Gets Smashed First (Budget Bombshell)

By Scott Kuru

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This budget didn’t just tweak housing policy. It quietly rewired how inheritance structures can be taxed, and the fallout could hit far beyond the ultra wealthy. In this video, I unpack the change to discretionary testamentary trusts and the political fight around whether it amounts to a death tax by another name. You will see why these trusts are widely used in Australian estate planning to protect beneficiaries, how income splitting is being used to justify the reform, and why forcing families toward fixed trust structures can create risks around divorce, creditors, and bankruptcy. If you care about passing assets responsibly, protecting family wealth, and understanding where Australian tax policy is heading, this breakdown will help you cut through the spin. 🏘️ Subscribe now to become a property insider and stay ahead of these market-changing trends. ➡️ Timestamps: 00:00 Intro | The hidden budget change 02:37 What a testamentary trust really does 04:13 The 30 percent minimum tax

Tags: Scott Kuru, testamentary trust, testamentary trusts, discretionary trust, fixed trust, family trust, trust tax changes, Australian budget, federal budget 2026, Jim Chalmers, Labor budget, death tax by stealth, estate planning Australia, inheritance tax Australia, probate Australia, ATO trust, asset protection, income splitting, tax reform Australia, wealth transfer