Understanding testamentary trusts
Thursday, 30 April 2020
What is a testamentary trust? A Testamentary Trust is a discretionary trust which is created in your Will. A discretionary trust (when created during your lifetime is commonly called a family trust) is where a person or company (trustee) holds property, business or investments on trust for the benefit of a number of people and related
- Published in Estate Planning, Tax, Trusts
Understanding Family Trusts
Friday, 17 April 2020
We all want to keep more money in our pockets. Family trusts provide one very popular way to legally minimise your tax and protect your assets. What is a family discretionary trust? A family trust is actually not a separate entity like a company. A trust is more correctly a legal relationship between the trustee