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Testamentary Trusts

Friday 24th of February 2023
By: Stephanie Svendsen, Coote Family Lawyers

You went far beyond providing just legal representation throughout my case.

In her article published by Accountants Daily, Suzanne Jones Head of Wills & Estates explains what a Testamentary Trust is and how they can be an attractive option for beneficiaries incurring high personal tax rates.

"Testamentary trusts are trusts established by a will and only come into operation on the death of the will maker."

"Giving a beneficiary of an estate the option to inherit via a discretionary testamentary trust means they do not have to inherit assets personally and can instead pass all or some of their inheritance into a trust, depending on their circumstances at the time. This may be an attractive option for those who are concerned their beneficiaries could face the prospect of bankruptcy, divorce or legal action."

You can read the full article here - How testamentary trusts can take the sting out of tax, by Suzanne Jones

If you have any questions or need estate planning advice, contact us on 9804 0035 to speak with one of our team of Estate Planning Lawyers.




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