A testamentary trust or “will trust” is created, as the name suggests, through a will. Unlike a trust created by a Deed of Settlement signed during lifetime, the will trust does not come into effect until death.
Why should I consider using a testamentary or will trust?
Provided Age Pension Planning is irrelevant and the income earning assets of a couple are substantial, there can be significant tax and other advantages for a surviving spouse and family when this form of trust is in place.
How does it work?
What are the advantages?
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