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.
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.