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Testamentary Trusts (Flexible Wills)

At Mason Lawyers, we can either prepare a more Traditional Will for you or assist you with a more modern "Flexible Will" (incorporating a testamentary trust). Making a Flexible Will is generally about 2 things:-

  • Tax minimisation; and

  • Asset protection.

A Flexible Will incorporating a testamentary trust is a more flexible structure for the benefciary.

Each beneficiary can choose, at the time of your death, whether or not they want to take advantage of the more flexible option. If a beneficary chooses not to take advantage of the more flexible structure, then the Flexible Will simply operates just like a traditional will.