Including provisions to set up a testamentary trust under your Will provide a greater level of control over the distribution of assets to beneficiaries. The trust is established under your Will however it may not come into effect until you die.
The trust deed sets out a legal arrangement in which money or property is managed by one person or organisation (the Trustee) for the benefit of others. (the beneficiaries).
These arrangements are quite flexible and have significant benefits including the ability to protect assets and to reduce tax paid by beneficiaries from income earned from the inheritance.