It is, however, possible to make a Will in contemplation of marriage – of a specific marriage or of marriage generally. Such a Will would still be valid after a subsequent marriage.
While it may not be a high priority while going through a separation or divorce, it is critical that you change your Will.The period of separation before a divorce a critical time to ensure your Will is updated. If you separate and then die before updating your Will, your spouse will still inherit any property you gifted to them under your Will. Likewise, if you have named your spouse as the executor of your Will, that appointment still stands. You will need to make a new Will.
A Unit Trust Deed is between Unit Holders in a Unit Trust. Where a Unit Trust is used, it is normally accompanied by a Unit Holder’s Agreement.
A Discretionary Trust Deed suitable for a Family Trust. This Discretionary Trust Deed deed gives the trustee a power to decide the proportions in which the trust fund will be distributed among the beneficiaries and includes:-
A Testamentary Trust is established in a person’s will, and is activated after their death. It is created to hold and safeguard all or some of the assets that a person accumulates over their lifetime, for the benefit of others, known as beneficiaries.