Can the assets in a testamentary trust be transferred to future beneficiaries?
Yes. Assets in a testamentary trust can be transferred to future beneficiaries.
Wills from Will Wizard anticipates testamentary trusts passing from one generation to another ensuring the advantages of a testamentary trust (asset protection, tax advantages, dispute avoidance etc) are not lost as wealth is transferred from one generation to the next.
A testamentary trust can pass down through the family for 80 years benefiting multiple generations.
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.