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.
Will Wizard trust terms allow money from a trust to be loaned to beneficiaries with the expressed consent of the primary beneficiary.
The terms of trust included in all Wills from Will Wizard are extremely broad, allowing the trust to be managed almost as if there was no trust at all.
The aim is always to give beneficiaries maximum flexibility in how they manage their trust over time as their needs, wishes and circumstances change.
At Will Wizard we believe that every Will should provide beneficiaries with the option to receive their inheritance in a testamentary trust.
Will Wizard is the only online Will that provides testamentary trust provisions as standard, including broad trust terms for maximum flexibility in how a beneficiary can manage their trust depending on their changing needs and circumstances. No meetings are required, you simply complete our fun an easy online form that requires no financial details, and we then courier your secure Wills to your door for signature on delivery at no extra charge.
We've taken the hassle out of having comprehensive testamentary trust Wills.
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Will Wizard Co-Founder
As always, if you have questions about the suitability of any Will for your needs and circumstances, seek independent legal advice.