Testamentary
A testamentary trust can be created by way of an individual’s will or when the assets of an estate are not immediately distributed to the beneficiaries. In a lot of situations it takes time to liquidate the assets of an estate and as a result, the estate earns income prior to this distribution.
At YSI we can assist you, the executor, with the preparation of the various estate returns to report the income of the estate, and to apply for a clearance certificate to relieve the executor of their legal responsibilities.
At YSI we can assist you, the executor, with the preparation of the various estate returns to report the income of the estate, and to apply for a clearance certificate to relieve the executor of their legal responsibilities.
