What is a Testamentary Discretionary Trust?

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What is a Testamentary Discretionary Trust?

A Testamentary Discretionary Trust is a special form of trust incorporated in your Will. It is similar to a family trust but only comes into effect on your death.

There can be significant tax advantages for implementing a testamentary trust in your Will if there are minor beneficiaries (such as children and grandchildren).

In addition to the possible tax advantages, there can be significant asset protection advantages for your family when making your will which we can discuss with you.

If you would like more information regarding implementing a testamentary discretionary trust within your Will, please ring our Estates Laws Team on 1300 HATZIS (130 428 947) or email us at estates@hatzis.com.au.