If you don't have a Will, that's plain stupid. If you have a Will, you should also consider a Testamentary Discretionary Trust...and if you have done that too, you'd better watch the new Budget reforms because you may have to make changes.

In today's edition, we cover...

• Estate planning - The basics for the everyday investor
• Testamentary Discretionary Trust - They escaped new taxes, check them out
• Trust reforms - If your family trust is being restructured, it may affect your Will
• Tackling the 17 per cent tax on inherited super.

Estate planning lawyer, Rachael Rofe,+ joins Associate Editor, James Kirby in this episode.