Testamentary Trusts present a unique opportunity for a will maker to rule from the grave and/or provide a tax effective investment vehicle to store and grow family wealth. Structured correctly a Testametnary Trust can provide benefits to beneficiaries many years into the future after the will maker's death. This presentation covers the advantages of Testamentary Trusts, the tax issues - both current and perennial - and the aspects in relation to the structuring of the Testamentary Trusts. In addition it will cover some of the issues to be considered by an estate planner when considering the use of life estates and whether this approach still has a role in the modern will.