Testamentary Trust Wills
Ensure Asset Protection and Beneficiary Well-being with a Testamentary Trust Will
Secure Your Legacy with a Testamentary Trust:
Our Law Firm’s Proficiency Guarantees a Legally Sound Will, Catering to Specific Conditions of Beneficiaries for Clear Understanding and Security. A Testamentary Trust is a type of trust established through a Will.
When the Will-maker dies or the estate administration is completed, the trust comes into effect. Normally, a Testamentary Trust is already included in the Will and is used to address more particular conditions of any of the beneficiaries.
For instance, the inheritance of a minor can be included in the trust and be handed over to them when they reach the appropriate and required age. We ensure your will is legally sound to avoid future disputes and uncertainties.
How Can We Help?
You need to protect your beneficiaries and assets.
A Testamentary Trust Will is one of the most beneficial methods of protecting valuable assets while reducing the tax that is being paid to the beneficiaries.
When a Will is written down, it creates a trust, which becomes an entity itself. The trust cannot be accessed by your beneficiaries, divorcing partners or your creditors, making them a complete secret.
Whatever income that is earned by the trust is automatically distributed according to the instructions written by you; the beneficiaries pay their share of tax on this income. But these taxes are not added to the value of the trust, which remains as a separate entity. Hence, by splitting the income among the beneficiaries, the total tax that is being paid is significantly reduced.
Also, since the beneficiaries cannot take ownership of the assets, you preserve your eligibility for financial assistance and benefits at whatever time you think is appropriate.
If the beneficiaries face any of the issues stated below, a Testamentary Trust can prove to be quite beneficial:
Speak with our Legal Professionals today!
Contact us today for a free quote or to arrange a free, no-obligation consultation with one of our experienced Melbourne based property lawyers.
How can we help
you in this matter?
Experience the skill of our Lawyers! Our thorough review of your situation allows us to assess the suitability of including a Testamentary Trust in your will, ensuring a legally sound document that safeguards against future disputes and uncertainties.
Trust us to guide you through the complexities of estate planning and provide tailored solutions to protect your beneficiaries and assets.
Our Wills and Estate services
Here is a list of just some of the services that we offer:
Secure Your Legacy with Us: Skilled Solicitors Ensure Your Assets are Distributed According to Your Wishes.
Our team of dedicated solicitors is committed to ensuring that your assets are distributed precisely according to your wishes. We understand the importance of honoring your intent and work diligently to navigate the complexities of estate distribution. Whether you are establishing a Will or challenging one, our experienced lawyers are here to provide professional guidance and support.
Disputes over Wills are becoming increasingly common, especially as family dynamics grow more complex and diverse in Australia. However, we believe that these disputes do not have to result in lengthy battles and strained relationships. Our approach emphasizes collaboration and finding mutually acceptable outcomes for all parties involved. By fostering open communication and understanding, we strive to resolve Will disputes amicably, minimizing stress and conflict for everyone involved.
When you write your Will, you exercise your right to determine how your assets will be inherited and distributed after your passing. However, it is important to acknowledge that certain laws exist to protect eligible beneficiaries who may be allocated a smaller portion of the Will. Will dispute laws can vary across different states and are often intricate and intricate. Our knowledgeable team is well-versed in the complexities of these laws and can provide professional guidance tailored to your specific circumstances.
Trust our legal team and we will handle your Will matters with the utmost care, professionalism, and respect for your wishes. We are here to ensure that your assets are distributed in accordance with your intentions, and to assist you in navigating any challenges or disputes that may arise.
Contesting a Will with Confidence : Seek Legal Assistance to Protect Your Rights
When it comes to writing a Will, the person creating it holds the power to determine the distribution of assets among beneficiaries. However, there are instances where eligible individuals may not receive a fair share of the Will. In such cases, you have the right to contest the Will and seek a resolution.
We are here to assist you in navigating this complex process. Our experienced lawyers can provide comprehensive guidance on how to successfully contest a Will. It is crucial to note that strict time limits apply when contesting a Will. Therefore, it is important to seek our skilled legal advice as soon as possible to ensure you have the best chance of success.
Our team of skilled wills estate lawyers is equipped to handle any matter related to Testamentary Trust Wills. Contact us today to schedule a complimentary briefing session, where we can learn more about your case and provide personalized assistance. We understand the significance of protecting your loved ones, and our proficiency lies in estate wills, offering tailored solutions to safeguard your valuable assets.
Trust us and we will provide you with the necessary support and guidance throughout the process of contesting a Will. We are committed to helping you protect your rights and achieve a fair outcome.
Contact Us?
Our Commercial Business legal team offers an extensive range of legal aid concerning anything related to litigation.
Our skilled and knowledgeable professionals are ready to assist you in the most efficient and expedient way. When you avail our legal services, you can leave all the legal matters in our capable hands. We ensure you receive the appropriate legal assistance.
Contact Us
Our Commercial Business legal team offers an extensive range of legal aid concerning anything related to litigation.
Our skilled and knowledgeable professionals are ready to assist you in the most efficient and expedient way. When you avail our legal services, you can leave all the legal matters in our capable hands. We ensure you receive the appropriate legal assistance.