Testamentary Trusts

Testamentary Trusts

Have you heard of a testamentary trust, and wonder whether it would work for you and your family?

A testamentary trust is a trust that is established in your Will and will provide for your beneficiaries over an extended period of time. There may be taxation advantages to leaving your assets in a testamentary trust for your beneficiaries. For a lot of people, limiting the amount of tax to be paid is often a sweetener.

A testamentary trust can also provide some asset protection to your beneficiaries.

A testamentary trust may be the perfect estate planning tool for you. If you need a new Will, or need to review your current circumstances, give us a call so that we can help you.