When it comes to divvying up your estate after death, testamentary trusts are often touted as an option. They can be a way to ‘rule from the grave’, giving you more control over the way your assets are distributed – placing them in a trust, rather than having them given directly to your beneficiaries.

However, it’s important to consider that all the power lies with the trustee, not the person you want to provide for. And though the trustee has a fiduciary duty to the beneficiaries, that may require a significant level of foresight and........

© The Sydney Morning Herald