We are experienced estate planning solicitors specialising in testamentary trusts, sometimes referred to as bloodline trusts.
All of our estate planning services are offered on a fixed-fee basis, so you know upfront exactly what will be delivered and for what price.
What is a testamentary trust and when should I consider putting one in place?
A testamentary trust is a trust that can be included in your will that only comes into effect upon your death.
The trust can be discretionary or fixed and it can also contain a clause which allows the beneficiaries to elect to remove assets from the trust if this is more suitable to their circumstances at the time.
Here are some reasons why you would create a testamentary trust:
To save your beneficiaries from paying unnecessary tax (often savings over $100K)
The beneficiaries are minors (under 18 – 21 years old)
The beneficiaries have diminished mental capacity or health issues
You do not trust the beneficiary to use their inheritance wisely
You do not want family assets split as part of a divorce settlement
You have a blended family and wish to ensure a fair distribution of assets after your death
You wish to create a life tenancy
You do not want family assets to become part of bankruptcy proceedings
We offer a cost-free 40 minute initial consultation to discuss your estate planning requirements, review your current documents and make recommendations that are tailored to your personal situation.
Contact Jim Wilson now to take advantage of our cost-free consultation.
Can’t make it into the office? We are flexible and can make other arrangements that suit you.
Jim can be contacted on:
Direct line: 07 5536 3055 ext 4
Office line: 07 5536 3055 ext 1
Cost Free Initial Consultation
If you are interested in knowing more about how we might be able to assist you, please call 07 5536 3055 to make a cost free initial, 40 minute consultation with our Principal, Mr Jim Wilson.