Will Including Testamentary Trust is A testamentary trust that created by will. It is usually a discretionary trust. The testator of a will creates a trust and directs the trustee to hold property in accordance with the terms of the testamentary trust for specified beneficiaries.
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.