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What is a Testamentary Trust Will? A testamentary trust Will is a type of Will that creates a trust upon your death. Instead of directly distributing your assets to beneficiaries, a testamentary trust holds those assets under the control of a trustee, who manages them according to the terms set out in your Will. This […]
A testamentary trust Will is a type of Will that creates a trust upon your death. Instead of directly distributing your assets to beneficiaries, a testamentary trust holds those assets under the control of a trustee, who manages them according to the terms set out in your Will.
This arrangement provides several benefits, such as asset protection, tax efficiency, and greater flexibility in how your estate is distributed.
When you pass away, the assets in your estate (such as property, cash, or investments) are transferred into the testamentary trust instead of being given directly to your beneficiaries. The trustee (whom you appoint in your Will) is responsible for managing the assets in the trust and distributing income or capital to the beneficiaries according to your instructions.
A testamentary trust Will is particularly beneficial if:
At Aylward Game Solicitors, we have extensive experience crafting tailored testamentary trust Wills. We will guide you through the process, explain the options available, and ensure the terms of the trust align with your goals and your family’s needs. Whether you’re seeking simplicity or advanced asset protection strategies, we’re here to help.
Start your estate planning today to protect your loved ones and provide for their future. Contact us for an appointment in Brisbane, the Gold Coast, or at your home for added convenience.