A testamentary trust will is a special trust established under a will that can only take effect upon the death of the person making the will. The trust will expressly stipulate when and how the dispersal of the assets to the beneficiaries will take place. Our legal services include drawing up such trusts for the future protection of your assets and beneficiaries.

Benefits of Testamentary Trusts

We can assist you in drawing up and incorporating a testamentary trust within your will to provide your loved ones with the opportunity to maximise and protect their inheritance for the long term. Here are some benefits.

• Protection of Assets. Instead of assets accruing to the beneficiaries, they form part of the trust, and only within the confines of the terms of the testamentary trust stipulated by you will the distribution of the assets occur.

• Creditor protection. It may protect the inheritance from creditors of a beneficiary.

• Taxation Advantages. There may be some tax advantages in creating a testamentary trust as opposed to your beneficiaries inheriting their assets direct.

The Importance of Trust Solicitors

When deciding whether to include a testamentary trust in your will, you need to fully understand the procedures, implications, and execution. As experienced professionals in estate planning, we guide you through the decision-making stage while adhering to all proper rules of the testamentary trusts. We advise you so you can be sure all requirements and procedures are met.