The Seven Key Aspects of Testamentary Trusts
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About this ebook
Fundamental changes in the law, the vast amounts of wealth accumulated within superannuation funds and the shortening of both business and personal relationships have necessitated the evolution of estate planning structuring beyond traditional formats.
Asset protection strategies and the use of testamentary trusts are important issues to consider in estate planning, particularly where potential beneficiaries are in professional practice occupations or in business, or where there is a risk that a personal relationship of a beneficiary might degenerate in the future. Potential beneficiaries that fall into any of these ‘at risk’ categories will be exposed to losing assets, unless appropriate structures are put in place.
The Seven key aspects of Testamentary Trusts is a comprehensive guide to testamentary trusts and addresses numerous topics including:
(a) testamentary trusts and bankruptcy
(b) testamentary trusts and the family court
(c) protective trusts, other types of special testamentary trusts and practical considerations for bespoke testamentary trusts
(d) complex forms of testamentary trusts
(e) creative uses of testamentary trusts
(f) the taxation of testamentary trusts.
Matthew Burgess
Matthew Burgess is an assistant professor at Brooklyn College and a poet-in-residence in NYC schools through Teachers & Writers Collaborative. His award-winning first children's book, Enormous Smallness: A Story of E. E. Cummings, was a Junior Library Guild selection and an ALA Notable Children's Book. He lives in Brooklyn, New York.
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