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Trusts and Estate Planning

Not only is the answer a resounding “Yes”, but after bequeathing everything to your spouse if you die first, the next line in your will should almost certainly say that if you die together, then you bequeath everything to the trustees of your trust in their capacity as trustees.

Why? Because you’ve already gone to great lengths to set the trust up with your children and siblings as beneficiaries. Your Will also appoints your succeeding trustee(s), so that’s taken care of. And if you are also permitted by the trust deed, to change the trust from discretionary to non-discretionary (you need to read my book to understand why this is important), then you’re on the way to leaving a nice legacy for future generations to remember you by.


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