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Can you set up your own testamentary trust in Australia?
Yes. So long as the Will you are inheriting by includes provisions for the establishment of a testamentary trust.
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Who should be trustee of a testamentary trust?
In most cases, and depending on the terms of the trust, beneficiaries over 18 can decide who the trustee (i.e. the controller or manager)...
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What are the ongoing annual costs of of maintaining a testamentary trust?
The ongoing annual costs of of maintaining a testamentary trust really depends on whether you rely on your accountant or the services of...
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What must Australian Wills do?
What are the TOP 10 things in 2020 that your Aussie Will MUST DO to minimise risk ☔️ and maximise benefit 💰 for you and your loved ones?
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Does Will Wizard deal with pets?
Yes. All Will Wizard customers receive as part of their portfolio of documents a Pet Guardian Nomination form.
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Can the assets in a testamentary trust be transferred to future beneficiaries?
Yes. Assets in a testamentary trust can be transferred to future beneficiaries.
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Do I need a testamentary trust?
In most cases it can be advantageous to receive an inheritance in a testamentary trust.
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How do you legally sign a Will in Australia?
For a Will to be valid in law you need to sign and date each page of your own Will in front of two independent witnesses.
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What are the benefits of a testamentary trust?
A trust that is created by a Will following the death of a Will owner is known as a testamentary trust.
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