Estate Proceeds Trusts

Estate Proceeds Trusts

The benefits of wills incorporating testamentary trusts are reasonably well known within the estate planning community, and awareness of them is becoming more wide-spread generally. Estate Proceeds Trusts are less well known.

The benefits of wills incorporating testamentary trusts are reasonably well known within the estate planning community, and awareness of them is becoming more wide-spread generally.  Estate Proceeds Trusts are less well known.

What happens when someone dies without a testamentary trust in circumstances where one would be useful?

The Estate Proceeds Trust (EPT) is an option available to executors and beneficiaries to obtain some of the benefits of a testamentary trust, but the deceased has died leaving only a conventional will or no will at all.

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