Wills Online (with Testamentary Trusts)

$400.00

Wills Online (with Testamentary Trusts)

Do it yourself kit (DIY kit) – A Testamentary Trust Will is a type of Will that establishes a Trust or Trusts upon the death of the testator. They are designed to protect the deceased’s assets because they belong to the Trust rather than any individual.

Description

Wills Online

(with Testamentary Trusts)

Do it yourself kit (DIY kit) – A Testamentary Trust Will is a type of Will that establishes a Trust or Trusts upon the death of the testator. They are designed to protect the deceased’s assets because they belong to the Trust rather than any individual. The Trustees who decide how the income is distributed can also be beneficiaries of the Trust. Testamentary trusts are created by a will to provide a greater level of control over the distribution of assets to beneficiaries. There are also tax advantages available through testamentary trusts, making them an effective estate planning tool.

The beneficiary must take their inheritance via the trust and does not have the option to appoint or remove trustees. Maybe useful where the beneficiary is not in a position to responsibly manage their inheritance due to age, disability or spendthrift tendencies.

The main benefits of testamentary trusts are their ability to protect assets and to reduce the tax paid by beneficiaries from income earned from the inheritance.

Once paid, you get the online legal documents to fill in yourself.

Seed Legal Document Assist

Seed Legal Document Assist is our way of giving you comfort with the documents you purchase through our website. In other words, if you have difficulty in understanding any of the clauses in the purchased document we will guide you.

Our Document Assist is limited to guidance and explanations only. Therefore, if you require additional drafting assistance, then that will be a separate engagement with Seed Legal and you will be solely responsible for any associated fees.

Seed Legal Document Assist is valid for a period of 30 days from the date of purchase of the Document.

Document Customisation

The documents are prepared for general use only and you have to manually insert relevant details (no document automation). However, if you require specific inclusion within the documents then you may contact us for Document Customisation Service. Contact us to discuss  your document requirements on a fixed fee basis, giving comfort for no hidden charges.

Seed Legal provides cost-effective legal services to businesses & individuals located in the North Shore and Northern Beaches of Sydney Australia.

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