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Can you vest (end or terminate) a testamentary trust?
Yes - you wind up or vest (end) a testamentary trust at any time, however it does depend on the terms of the trust. Testamentary trusts...
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Can a testamentary trust lend money to beneficiaries?
It depends on the terms of the trust, which are the rules by which the trust is managed.
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Can I add money into a testamentary trust?
Any money or assets you add to an existing testamentary trust will not enjoy the tax and asset protection privileges of a the trust.
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How does a testamentary trust work?
A testamentary trust is a trust created by a Will on the death of a Will owner for the benefit of the beneficiary.
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Are online Wills legal?
Yes, buying a Will online is legal. However, like all Wills, whether you have written it yourself on a napkin, gone to see a lawyer in...
1,270


Can a testamentary trust lend money to beneficiaries?
Yes. So long as the Will you are inheriting by includes the appropriate terms that allow for this.
1,825


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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