The testamentary trust
The precedent wills, creating testamentary trusts, are self-explanatory. Whilst of little interest to most with modest estates they enable discretionary distribution of capital and income to spendthrift or problem beneficiaries on recovery from drug addiction or reform of disqualifying behaviour, discharge from bankruptcy or other qualifying events.
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Wills - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - C M Teng
Overview
This Wills Step-by-Step Legal Practice Guide and Precedents contains precedent wills and guidance for the following three situations:
- for a single testator
- for spouse to spouse, and then children; and
- using schedules for use in blended family and other more complex situations
As with all Step-by-Step Guides this guide takes you sequentially through a Wills matter from getting the matter underway and taking instructions, right through to finalisation.
A wide range of issues are discussed including testamentary capacity, revocation, executors, and estate duty. This guide includes a Library of Provisions.