Family trusts and testamentary trusts

What is a testamentary trust and why should I have one?

A testamentary trust is, put very simply, a trust that is established within your will. As such, a testamentary trust does not begin to operate until and unless you die. This differentiates testamentary trusts from other trusts that may be established to operate during your lifetime, which we lawyers call inter vivos trusts (commonly known […]

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