What types of assets can be held in a testamentary trust?

A testamentary trust can hold a wide variety of assets, including:

• Real estate: Such as a family home, rental properties, or undeveloped land.
• Cash: Lump sums or savings intended for distribution or management within the trust.
• Investments: This includes shares, bonds, retirement accounts, or other financial investments.
• Personal belongings: Including jewellery, artwork, furniture, or other personal belongings designated for specific beneficiaries.

These assets are managed by the trustee according to the terms outlined in the will, ensuring they are distributed or used as intended.