What is TTEE stand for?
Is a trust better than a will?
Who manages a family trust?
The only major benefit of the car being purchased by your trust, instead of you as an individual, would be that it could claim an input tax credit related to the purchase of the car if it is registered for GST. Other than this advantage there is no other great benefit of the trust purchasing the car.4
A will and a trust are separate legal documents that typically share a common goal of facilitating a unified estate plan. Since revocable trusts become operative before the will takes effect at death, the trust takes precedence over the will, when there are discrepancies between the two.5
Does a will override a trust?