Testamentary Trusts and the benefits
The main benefits of Testamentary Trusts are their ability to protect assets and to reduce tax paid by beneficiaries from income earned from the inheritance and created by a Will. It helps provide a greater level of control over the assets of the Will.
A Testamentary Trust does not come into effect until after the death of the person making the Will. At this time, the specified deceased estate property is transferred to a trustee, who holds the assets on trust for the benefit of the beneficiaries.
If you are responsible for administering a Testamentary Trust, you should consider seeking expert legal advice, from a lawyer that deals with and has great experience in the area of Testamentary Trusts.
The Sydney Wills Lawyer, Graeme Heckenberg, has been acting on behalf of clients seeking expert legal advice on their Testamentary Trusts, for over 20 years. Graeme is the principle of Heckenberg Lawyers and deals with such cases daily and is part of the foundation of having a wholly rounded Wills and Estate specialist practice.
If you would like further information on Testamentary Trusts and this area of Estate Planning, please check out our Reading Room for further articles and scenarios.
For a private consultation with the Sydney Wills expert on all matters relating to Testamentary Trusts, please call Graeme Heckenberg on:
02 9221 2779 or email your enquiry to firstname.lastname@example.org
Offices are conveniently situated at Macquarie Street, Sydney close to all public transport.
Graeme also offers consultation on Sydney’s Northern Beaches, please see www.northernbeacheslawyer.com.au – city experience by the beach!