What are the costs of set up and administration of a Testamentary Trust?

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What are the costs of set up and administration of a Testamentary Trust?

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As the Testamentary Trust is created by virtue of your Will, it only comes into existence upon your death. Therefore, unlike trusts created inter vivos (that is, during your lifetime), there are no stamp duty consequences nor is there the need to administer a trust during your life time (administration meaning such things as tax returns, appointment of trustees and so on).

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