Frequently Asked Questions – Testamentary Trusts

Frequently Asked Questions – Testamentary Trusts

Commonly referred to as just ‘testamentary trusts’, wills incorporating one or more testamentary discretionary trust are an increasingly common feature of effective estate plans. Testamentary trusts offer similar advantages to family discretionary trusts for the beneficiaries of an estate. Essentially, they allow flexibility in the ownership and control of assets.

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