A testamentary trust is established as part of a Will and only begins upon the death of the person who made the Will.

It is created to safeguard some or all of the deceased person's assets for the benefit of others.

There are many types of assets that can be held in trust, including:

• investments
• land or property
• cash
• other valuable assets such as painting, furniture or jewellery.

When creating your Will, you may consider setting up a life interest of protective trust for your loved one.