Estate Planning – Wills and Testamentary Trusts

by Andrew Lind on 20 May, 13

Testamentary trusts are simply trusts made by testamentary instrument (normally a Will).

Testamentary trusts can be:

  • simple – allowing estate assets to be held until children reach 18 for example with power to apply for the maintenance education and advancement in life of the child
  • discretionary – providing the trustee with discretion about how income or capital is applied (effectively allowing income splitting, children under 18 enjoying adult tax free thresholds and accordingly significant tax savings)
  • protective – ensuring that income or capital is only used for particular people or purposes (effectively protecting wealth from marriage or relationship breakdown or bankruptcy)
  • special disability – seeking to preserve other pension entitlements

And sometimes testamentary trusts are a combination of all of the above. It makes sense to take advice from one of our experienced Estate Planning and Will making lawyers.

You might just need a simple Will. No problem we offer a 1, 2, 3 Will Making Service for a fixed fee.


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