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Testamentary trusts for adult children

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A testamentary trust can be created through your will to direct how your estate’s assets will be managed and distributed to your beneficiaries.

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Here are some of the reasons why you, as a parent, might want to use long-term testamentary trusts to distribute your estate to your adult children:

  • You are concerned about the potential division of assets if your adult child’s relationship were to break down.
  • You want to safeguard funds from exposure to potential creditors.
  • You want to provide your child with opportunities to income-split with their lower-income children.
  • Your child has a disability, and you want to preserve your child’s right to receive social assistance payments.
  • You are concerned about your child’s ability to handle the funds.