Testamentary Trusts – Secure Your Legacy with Strategic Estate Planning

What is a Testamentary Trust?

A testamentary trust is a legal structure created through a will to manage and distribute assets after the deceased’s passing. Unlike standard wills, a testamentary trust provides added asset protection, tax benefits, and controlled inheritance distribution for beneficiaries.

This type of trust is especially useful for minors, beneficiaries with special needs, or families looking to safeguard assets from creditors or relationship breakdowns.

Common Reasons to Set Up a Testamentary Trust

Asset Protection – Shields assets from bankruptcy, creditors, and family disputes.

Tax Advantages – Allows income to be distributed in a tax-effective manner, particularly for minor beneficiaries.

Controlled Inheritance – Prevents beneficiaries from mismanaging large sums of money.

Long-Term Financial Security – Ensures structured financial support for your loved ones.

Who Should Consider a Testamentary Trust?

🔹 Parents of Minors – To ensure children inherit assets securely and tax-effectively.

🔹 Families with Significant Wealth – To protect estates from external claims or disputes.

🔹 Business Owners – To safeguard assets from potential business-related risks.

🔹 Blended Families – To ensure fair distribution among spouses and children.

Related Articles

📖 Setting Up a Testamentary Trust: A Step-by-Step Guide

📖 Testamentary Trusts vs. Living Trusts: Which Is Right for You?

📖 Tax Benefits of Testamentary Trusts for Minor Beneficiaries

Explore More Estate Planning Services

🔍 Looking for comprehensive estate planning solutions? Visit our Estate Planning Services page to learn about Wills, Powers of Attorney, and Advance Health Directives.

Set Up a Testamentary Trust with Expert Legal Guidance

A well-structured testamentary trust ensures your estate is managed and distributed according to your wishes, offering security for your beneficiaries. Our experienced estate planning lawyers can help you create a trust that meets your family’s needs.

👉 Book a Consultation or call us on (Insert Phone Number) today.

 

Common Questions About Testamentary Trusts

  • When the will-maker passes away, the executor establishes the trust according to the instructions in the will. A trustee is appointed to manage the assets and distribute them to beneficiaries under the trust’s terms.

  • The trustee controls how and when assets are distributed. This prevents beneficiaries from misusing funds and ensures long-term financial security.

  • No. Anyone with assets they wish to protect can benefit from a testamentary trust, particularly families with young children or dependents.

 

Get Started with Bechelet & Co

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