Testamentary trusts are trusts that arise on and as a consequence of the death of a person, and are powerful tools if you wish to maintain a degree of control after death on how the trust funds are to be administered, when they can be paid and on what conditions. With the right trustees at the helm, testamentary trusts can facilitate long-term inheritance protection and management so that your beneficiaries have what they need at appropriate times. In this article, we discuss several types of testamentary trusts that can be customized as part of your estate plan.
The information and comments herein are for the general information of the reader and are not intended as advice or opinion to be relied upon in relation to any particular circumstances. For particular application of the law to specific situations, the reader should seek professional advice.