Expert Solicitor to Handle Testamentary Trust Will Cases in Wollongong

Testamentary trusts have an essential role in estate planning. If a person uses this trust will in his/her estate planning, it lets a person dictate terms and conditions under which his/her beneficiaries receive assets from his/her estate. A testamentary trust will require much prudence and planning to ensure that the distributions are satisfactory. It involves drafting documents and paper works. There are a plethora of reasons why a testamentary trust would be used rather than a simple transfer through a will. The reasons include the protection of assets, creditor protection, tax advantages, and to avoid the probate process. Such matters require extensive knowledge and expertise. That is why the best decision a person (dealing with estate planning matters) can make is to hire a professional solicitor. An estate lawyer helps a person drafting or reviewing a testamentary trust document. And, can assist a person (or clients) with the process and can go over the terms to ensure that their trust is valid under state laws. Estate lawyers or solicitors Wollongong are highly experienced in providing representation in the event of a trust or will dispute.

Testamentary Trust Will & Parties Involved

The trust will typically involve three parties. The grantor or settlor - a person who creates the trust to transfer his/her assets.A beneficiary - a person or entity who is the recipient of the assets. A trustee - a person who handles the trust and manages the assets until the beneficiary takes over.

If you are looking for professional solicitors Wollongong, then you can rely on Gamble Law & Estate Planning. It is a law firm where every case is handled with diligence and integrity. They are expert solicitors who provide practical solutions to all clients, and keep a focus on the motto that is what matters to clients, matters to the firm. For more information visit Gamblelaw.com.au.