Testamentary and Discretionary Family Trusts PDF
By:Charles Rowland,Phillip Edwin Bailey,Vik Sundar
Published on 2012-12-10 by
DISCRETIONARY TESTAMENTARY TRUSTS: PRECEDENTS AND COMMENTARY provides practitioners with adaptable tools to draft these complex trusts safely and easily for differing client needs. Discretionary Testamentary Trusts (DTT's) are currently in high demand, as they offer significant tax advantages and provide valuable asset protection. The precedents contained in this text are flexible and adaptable to a wide range of client circumstances. To achieve flexibility the central DTT precedent, the 'Boilerplate' is modular. It consists of defined elements which the practitioner can select and assemble. There are variations for particular circumstances, ensuring it is not difficult to draft a seamless DTT will. The book also contains a precedent for a trust for a severely disabled person. DISCRETIONARY TESTAMENTARY TRUSTS: PRECEDENTS AND COMMENTARY also assists the practitioner to explain the will to the client by offering in lay person's language clause-by-clause explanations of the main Boilerplate precedent. Rowland and Bailey provide useful examples to show how the precedents could be used in practical situations. These examples include: gifts to members of a list, with some on DTT and some not, and with some to be represented on predecease and some not; unequal shares to children, one of whom is disabled, the disabled child to take on trust, the other children to take on DTT; and provision for a blended family using Divisions. The blended family precedent is designed to cope with a testator who may or may not have a former spouse or partner as well as a present partner, and children from a former relationship as well as children of a present relationship, using DTTs for some of the beneficiaries but not all.
This Book was ranked at 9 by Google Books for keyword Estate Planning Law Guide.
Book ID of Testamentary and Discretionary Family Trusts's Books is LOjmMgEACAAJ, Book which was written byCharles Rowland,Phillip Edwin Bailey,Vik Sundarhave ETAG "MmCptykCzqk"
Book which was published by since 2012-12-10 have ISBNs, ISBN 13 Code is 9780409331288 and ISBN 10 Code is 0409331287
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