A testamentary trust is created through your will and only takes effect when you pass away. It protects your family while reducing tax, as income paid to children is taxed at adult rates. This can make a huge difference for school fees and family expenses. Setting up the right will today secures lasting tax and financial benefits for your loved ones. #tax #accountant #trusts #testamentarytrust #foryou #explorepage | Chris Charlton CA
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Without a well-structured Testamentary Trust in your Will, your child’s inheritance can become vulnerable in a divorce settlement. Once assets are gifted outright to your child, they form part of their personal asset pool. That means if their current (or future) relationship breaks down, those funds are typically taken into account in a property settlement. A properly drafted Testamentary Trust can change that. Instead of your child receiving the inheritance in their own name, the assets are hel
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