The testamentary trust is a document by which a person, the testator, transfers their assets to another estate that they create upon their death. The trustee will manage the assets in accordance with the provisions of the will and in the best interest of the beneficiaries. The trustee will be responsible for preserving and administrating, from the testator's death, the assets that the latter has dedicated to a specific purpose, either to restrict the use of the transferred capital, or to spread out its distribution over time.

Creating a testamentary trust may be appropriate in the following cases:

• Leaving money to minor children or grandchildren;
• Sparing a spouse the concern of managing their inheritance;
• Ensuring a sufficient income for the surviving spouse until their death and stipulating that the capital of the estate will then be transferred to the children or grandchildren;
• Making a significant bequeath in favor of an incapacitated person or to prevent an heir from squandering the inherited assets;
• Reducing the tax burden on the heirs.

We invite you to consult a member of the Notary-Direct^® team because:

• a notarized will is easily identifiable and eliminates the risk of it being lost, ignored, or destroyed;
• a notarized will does not need to be probated, making its implementation easier immediately upon death;
• a notary is a legal advisor and a specialist in contract drafting.

If you don't have time to consult us, visit our Frequently Asked Questions.

Required documents

• Identification document
• Detailed list of your assets and debts