Testamentary Trusts

A testamentary trust is designed to provide maximum flexibility and allow for tax-effective distribution of capital and income as well as providing protection of your beneficiaries from third parties such as creditors and estranged spouses.

Trusts allow for optimum allocation of income and capital, which in turn may permit beneficiaries to qualify for aged, disability and sole parent pensions, for which they would otherwise not have qualified under a normal inheritance.

Your executors, with the assistance of an advisor, determine how best to manage your estate for the benefit of your beneficiaries, taking into account risk management, taxation and other issues.

The incorporation of testamentary trusts into a Will is not relevant to every situation but in many cases they offer valuable advantages over simple Wills.