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Testamentary Trusts

A Testamentary Trust Will provides a more flexible structure for your beneficiaries to inherit

Testamentary Trusts (Flexible Wills)

Testamentary Trust Wills (also called a Flexible Will) have a number of benefits. In deciding what to do with your estate, it is important to consider not only who will benefit from your estate, but how they will benefit.

A Flexible Will that includes a testamentary trust, will help with:

  • Asset protection, and
  • Tax minimisation.

A Testamentary Trust Will provides a more flexible structure for your beneficiary to inherit. Each beneficiary can choose, at the time of your death, whether or not they want to take advantage of having their inheritance placed into a trust. If they choose not to adopt this approach, the Flexible Will simply operates like a traditional will, and each beneficiary can just choose to take their inheritance without having it invested into a trust.

Click on the links below to view some scenarios where a Testamentary Trust Will can help:

Testamentary Trusts or Flexible Wills

At Mason Lawyers, when someone wants to make a Will, we consider a person’s unique circumstances on a case-by-case basis.

A person’s estate can be small or large, complex or straightforward. Similarly, a person can have a very small family or a large and complicated family.

These factors, as well as any insurance considerations or potential disputes, are considered when making an individualised estate plan. 

Our experienced estate planning lawyers can help you decide whether your beneficiaries would benefit from a Testamentary Trust Will. 

Not sure if you need a Flexible Will?

It’s time to get your affairs in order

At Mason Lawyers we offer fixed fee solutions for most estate planning work.

  • Over 20 years of Wills and estate planning experience
  • Skilled in handling complex estates
  • Specialised taxation knowledge
  • Friendly, approachable and compassionate
  • Over 10,000 Wills have been prepared for members of the local community
  • Offer cost effective estate planning packages, with flexible payment options.
  • Convenient locations, or one of our lawyers can travel to you. We can attend at the hospital, nursing home and retirement village.

If you would like more information, click here to request a cost estimate, or call us to have a chat.

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