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Testamentary Trust Will

Evolve Legal -

At Ramsden Family Law we specialise in providing comprehensive estate planning services, including the preparation of Testamentary Trust Wills. A Testamentary Trust Will is a powerful tool that allows you to protect and manage your assets for the benefit of your loved ones long after you’re gone. With our expertise and personalised approach, we will help you create a tailored estate plan that ensures your family’s financial security and peace of mind.

If you have assets in excess of $1 million dollars, a Testamentary Trust Will is most likely the best option.

Understanding Testamentary Trust Wills

What is a Testamentary Trust?

A testamentary trust is a trust established within a will that only comes into effect upon the death of the will-maker. Unlike a standard Will, which distributes assets outright to beneficiaries, a testamentary trust will creates a separate legal entity to hold and manage assets for the benefit of designated beneficiaries.

Benefits of Testamentary Trust Wills

Testamentary trust wills offer a range of benefits, including asset protection, tax advantages, and flexibility in managing distributions to beneficiaries. By incorporating a testamentary trust into your Will, you can safeguard your assets from creditors, provide for beneficiaries with special needs, and minimise tax liabilities for future generations.

For more information read the Ramsden Guide on Testamentary Trust Wills here.

Our Testamentary Trust Will Preparation Process

1. Initial Consultation

Our testamentary trust will preparation process begins with an initial consultation, where we’ll discuss your estate planning goals, family dynamics, and financial situation. During this consultation, we’ll assess whether a testamentary trust is suitable for your needs and explain the potential benefits and considerations.

2. Customised Trust Design

Based on the information gathered during the initial consultation, our experienced lawyers will design a customised testamentary trust that aligns with your wishes and objectives. We’ll tailor the trust structure to meet your specific requirements, taking into account factors such as asset protection, tax planning, and beneficiary needs.

3. Drafting and Review

Once the trust design is finalised, we’ll draft the necessary legal documents, including your testamentary trust will and trust deed. We’ll carefully review these documents with you to ensure they accurately reflect your intentions and comply with all legal requirements.

4. Execution and Implementation

After finalising your testamentary trust will, we’ll guide you through the execution process, ensuring it is signed and witnessed in accordance with applicable laws. We’ll also provide guidance on funding the trust and implementing any additional estate planning strategies to maximise its effectiveness.

Why Choose Ramsden Family Law

Expertise and Experience

At Ramsden Family Law, our team of skilled lawyers have extensive experience in estate planning and trust law. We stay up-to-date with the latest legal developments to provide our clients with innovative solutions and peace of mind.

Personalised Approach

We understand that every family’s situation is unique, which is why we take a personalised approach to testamentary trust will preparation. We’ll take the time to understand your needs and objectives, and tailor our services to meet your specific requirements.

Comprehensive Support

Preparing a testamentary trust will can be complex, but with us by your side, you can have confidence that your family’s future is in good hands. We’ll guide you through every step of the process, providing support and expertise to help you achieve your estate planning goals.

 

Evolve Legal - Why Choose Ramsden Family Law

Get Started Today

Schedule a Consultation

Ready to take the first step towards securing your family’s future with a testamentary trust will? Contact us today to schedule a consultation with one of our experienced lawyers. We’ll discuss your needs, answer any questions you may have, and provide guidance on how to proceed with your estate planning goals.

Why Choose Us

Specialist Team

Specialist Team

Our team of 10 family lawyers only practice family and divorce law so we know what we are doing.

Our <br>Fees

Our
Fees

We can offer fixed fees for certain work, payment plans and are up front with our fee estimates.

Quick Turnaround

Quick Turnaround

Our extensive support team ensures each lawyer’s file load does not compromise their efficiency.

Resolution Focused

Resolution Focused

Our experienced lawyers will explore all options to resolve your case without court intervention if possible.