Trust Wills are trusts within a will that are created to protect assets for your loved ones once you have passed away. As with all Wills, it is important to consider what you want to be preserved.

Trust Wills are often used to:

  • Protect the assets from generational inheritance tax for your loved ones.
  • Plan to leave part of your estate to somebody that is disabled, vulnerable or underage.
  • Protect your assets from marriage after death if your partner re-marries once you pass away.
  • Protecting your assets from creditors and bankruptcy.

What does a Trust Will do?

When preparing a will, you must choose people that you wish to leave your estate to – these are called beneficiaries. If you decide that you would like to limit your beneficiaries access to their inheritance, a Trust Will would allow you to choose people to take care of your estate on behalf of the beneficiaries – these are called Trustees. 

Trustees will control any assets that you wish to include in the Trust Will and must always act in the best interests of your beneficiaries. 

Trustees must be people that you trust to responsibly manage your assets, as well as be organised and informed of their duties.

Types of Trust Will 

As part of our legal services, Zenco offers advice and drafting expertise in the following types of Trust: 

Henry Brown