There are a number of legitimate reasons to include a testamentary trust in a Will. The benefits include, but are not limited to:
(i) Providing a gift to a beneficiary with a disability, that may not be able to manage their own affairs. The Will maker may want to ensure that the beneficiary may benefit from the income of the fund during their lifetime, with the capital to go to another beneficary on their death.
(ii) Protection ...Continue Reading →