ESTATE PLANNING

Testamentary trusts not only provide tax benefits, but also offer important protections for your beneficiaries.

Are you worried about the tax implications for your beneficiaries? A Testamentary Trust could be a valuable solution.

A Testamentary Trust is a trust created by a Will that takes effect after the Will maker (Testator) passes away and the estate administration is complete. It can be tailored to meet specific conditions for beneficiaries.

While tax benefits are a key advantage, a Testamentary Trust also provides important protections, making it ideal for:

Minors, ensuring funds are held in trust until they reach a specified age.
Children with special needs, guaranteeing ongoing care and financial security.
Individuals with disabilities, who may need assistance managing their financial affairs.
Business owners, protecting their inheritance from liability risks.

There is no legal limit on the number of Testamentary Trusts a Will can create, making it possible to set up separate trusts for each beneficiary as needed.