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LATEST VIEW LEGAL BLOG

  • Is too much ain’t enough** value to justify a testamentary trust?
    Is too much ain’t enough** value to justify a testamentary trust?
    With thanks to the Television Education Network, today’s post considers the above mentioned topic in a ‘vidcast’.As usual, an edited transcript of the presentation is below -Question: Do you usually set a minimum amount in the pool of assets that would suggest that a testamentary discretionary trust is worthwhile?Answer: My thinking on this has evolved a bit over the last couple of years.Historically, I used to say about a million dollars’ worth of assets is usually the threshold where the tax benefits of having a testamentary trust start to offset the ongoing compliance costs.Now I’m coming d …
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