Episode 147: Why a Testamentry Trust Will?
In this episode, we sit down with Lucy Percy, estate planning lawyer and founder of Head and Heart Estate Planning, to explore the powerful benefits of a Testamentary Trust Will and how it differs from a standard Will.
Lucy breaks down the key advantages of Testamentary Trusts, including:
- Tax effectiveness for beneficiaries, especially minors
- Asset protection from creditors, divorce, and financial mismanagement
- Greater control over how and when assets are distributed
- Flexibility for families with complex needs or blended structures
We also discuss common misconceptions, when a Testamentary Trust is most appropriate, and how it can be a smart move for long-term wealth preservation. Whether you're planning your own estate or helping a loved one, this episode offers practical insights to help you make informed decisions.
Head and Heart Estate Planning: https://www.headandheartestateplanning.com.au/
Aspire's Estate Planning Service & Resources: https://www.aspireplanning.com.au/estate-planning