Testamentary Trusts

Testamentary Trusts

A testamentary trust is a sophisticated will which includes a trust that comes into effect at the time of your death.

Testamentary trusts are the preferred option for will makers who wish to:

  • Benefit from tax advantages;
  • Exercise some control over how their assets will be managed;
  • Protect their estate from their beneficiaries’ creditors; or
  • Protect their estate from a beneficiary who is involved in a relationship breakdown;

Testamentary trusts can be an effective estate planning mechanism, however further legal and financial advice should be obtained before considering if a testamentary trust is right for your circumstances.