First things first, what is a trust? A trust is an arrangement which lets a person or company, known as the trustee, hold property or assets for the benefit of others, known as the beneficiaries. A 'testamentary trust' is a trust established in a Will.
As the line between our real and digital lives becomes more blurred, making a video Will – rather than the traditional legal paperwork – might seem like the best way to go.
But as a recent Australian judgment shows, it can leave your family with major delays, costs and difficulty, and ultimately a Court may fail...