Why a Testamentary Trusts revisit?
Readers seeking knowledge about this estate planning instrument will benefit from the testamentary trusts revisit. It assumes limited prior awareness of the features and benefits of this estate planning tool. Testamentary trusts warrant consideration although not necessarily suited to every estate plan. Any need for your estate plan to change may be minimised using this tool, accommodating changed life circumstances. Benefits of a testamenatry trust could optimise the value of an estate to the beneficiaries.
Testamentary Trusts – awareness, and utilisation
We keep our clients informed of the benefits of testamentary trusts as an estate planning tool. The reminders of the features and benefits of this tool, include –
- asset protection,
- taxation efficiency and
- issues of flexibility/ control.
Some or have all of these features have benefited – and been of value – to clients who have them into effect.
Our website Library includes a number of articles on or about these trusts: amongst them are –
- Testamentary Trust benefits in estate planning (August 2009; refreshed May 2025)
- Estate Planning with a Testamentary Trust (January 2012; refreshed May 2025)
- Important Estate Planning elements (February 2010; refreshed March 2025)
Features of testamentary trusts that our clients have experienced –
- have been highlighted/ mentioned in the above articles,
- others are covered in the article linked under the title ‘Testamentary Trust benefits in Estate Planning’ .
Multiple testamentary trusts?
In relevant circumstances, separate testamentary trusts may be specified in the testator’s Will, separately providing for individuals, or classes of individuals. These trusts benefit estate plans where there is/ are –
- a disparity in age of the beneficiaries,
- particular circumstances, including
- disability;
- substance dependency;
- financial dysfunction;
and so on.
Your estate planning revisit
Continuum Financial Planners Pty Ltd has a team of experienced financial advisers who will advise and guide you in the development of your estate plan. Wealth management needs are a strong feature of their professional experience. We provide Estate Planning advisory services in conjunction with a number of experienced professionals, taking instructions to prepare information to brief (and in the process, inform clients as to the likelihood to benefit from incorporating testamentary trusts into the plan).
In all our client engagements–
‘we listen, we understand; and we have solutions’.
To make an appointment with one of our experienced advisers –
- phone our office, on 07-3421 3456, or
- at your conveniences, use our linked Book A Meeting facility.
(This article was originally posted by us in November 2013. We occasionally refresh/ update it, most recently in June 2025.)
