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Will Including Testamentary Trust

 

Will Including Testamentary Trust

 

A testamentary trust is a trust created by will and 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 trust for specified beneficiaries.

At some future time the trustee distributes the property to the beneficiaries of that trust. These trusts are often recommended by financial planners and accountants. They are very useful for parents of small children (minor beneficiaries).

Testamentary trusts tend to be driven more by the needs of the beneficiaries than by tax considerations. If a testamentary trust fails, the property will usually be held on resulting trusts for the testator’s residuary estate. A  trust has two main advantages for a will maker and the nominated beneficiaries asset protection; and income splitting.

 

 

 This Download Includes:

Will + Testamentary Trust (approx 8 pages)

Will Signing Instructions

Free Legal Drafting Booklet to help guide you through the process.

 

 

Includes GST

 

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Easy as always
I’ve used this site over the years for quick templates to build and modify from. Saves a great deal of work and ensures I have up to date changes already made for me when I need.
Confidentiality Agreement
I have used Precedents Online and do find their product very well written and clear.
Title clear and helpful
Very good precedent - only comment would be to provide some examples or comments if each clause is essential to create a binding financial agreement and, if optional, 1 or 2 brief examples of circumstances where the relevant clause could be excluded. Otherwise, great work and I will certainly use precedents online again, cheers!
Your Legal Documents
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