OUR EXPERTISE
Complex Will
The structure of your Will depends on your particular circumstances and requirements.
A more complex Will may be required for individuals with advanced Estate Planning needs due to more complex family relationships (for example, a blended family), vulnerable beneficiaries or interests in family trusts and companies.
FAQ’S ABOUT TESTAMENTARY DISCRETIONARY TRUST
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A testamentary discretionary trust is a trust established by your Will and only comes into effect after your death.
A testamentary discretionary trust is like a discretionary family trust as money or other assets are left to a trustee to hold on trust to make discretionary distributions to the beneficiaries. This means that the trustee will have the power to decide who should receive the distributions of the income and capital of the trust from the range of beneficiaries of the trust and in what proportions.
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The incorporation of a testamentary discretionary trust in a Will may not be relevant to every situation but in many cases a testamentary discretionary trust can offer valuable advantages over a standard Will.
Depending on the nature of your estate and the circumstances of your beneficiaries, incorporating a testamentary discretionary trust in your Will may provide asset protection and taxation benefits.
FAQ’S ABOUT PROTECTIVE TRUST
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Protecting a vulnerable beneficiary requires careful consideration and planning. It is important to take the steps to protect their financial well-being and have a plan in place to ensure their inheritance is not lost or misused after you have passed away.
Assets inherited directly by a vulnerable beneficiary become assets under their control. It is then up to the vulnerable beneficiary's ability to manage their financial affairs and to sensibly use these assets. This may be a concern for you as your vulnerable beneficiary may find it challenging to manage their inheritance for reasons such as physical incapacity, mental incapacity, advanced age or addiction. Therefore, you may wish to incorporate in your Will a protective trust to provide your vulnerable beneficiary with more security.
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A protective trust provides protection for your vulnerable beneficiary as a separate trustee holds the trust assets for the benefit of your vulnerable beneficiary. Your vulnerable beneficiary's specific needs are considered as part of the administration of the trust.
FAQ’S ABOUT LIFE INTEREST
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A life interest can be a useful Estate Planning tool where you wish to provide for a beneficiary, but you also wish to preserve the capital of the trust fund for other beneficiaries.
Our Core Values
Experience & Expertise
With over 12 years experience in the industry, we have a proven track record of work in · Wills and Estate Planning and exceptional client satisfaction.
Clarity & Transparency
We conduct your Wills and Estate Planning with honesty and transparency, ensuring the process is easy for you and your loved ones..
Problem Solving
It is essential to us to develop strategies to mitigate risk, achieve desired outcomes and identify potential problems before they arise.
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