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Testamentary Trusts

Testamentary Trusts

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Testamentary Trusts and Wills

A Testamentary Trust is a type of trust drafted into a Will. The Testamentary Trust only comes into existence upon your death for the benefit of your beneficiaries.

A Trustee, who you appoint to administer and control the Trust, manages the Trust assets and ensures your wishes are met. The benefits of a Testamentary Trust are:

  • providing flexibility for asset distribution in your Will;
  • ongoing asset protection for your loved ones; and
  • ongoing tax advantages.

Making a Will, whether it includes a Testamentary Trust or not, is an important part of preparing your estate plan, which may also include a Power of Attorney and Advance Health Directive. Estate planning is critical for individuals from all walks of life as it ensures appropriate arrangements are in place to take care of your loved ones should you unexpectedly pass away. It may be as simple or complex as your needs dictate.

Should you be physically unable to attend our offices we are more than happy to arrange an in home visit to ensure your needs are met with minimal discomfort to you.


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