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Testamentary Trust Explained

Testamentary Trust Explained

by FamilyTrust | Sep 7, 2013 | A / B / C Trusts, Definitions, Testamentary Trust, Trustees, Will vs Trust

A testamentary trust is set up by a will. The key is that testamentary trusts are given their life after a probate of a will. The will then funds those trusts, which are then deemed testamentary trusts. A testamentary trust is set-up by the testator (aka settlor,...

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