Testamentary Trust

What is Testamentary Trust?

Testamentary Trust (also known as a Will Trust) is a trust created in a Will and is effective upon the demise of the Testator. A Testator may appoint a Trustee to hold all or part of the assets on trust and to be distributed to the beneficiaries in accordance with the instructions of the Testamentary Trust.

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The Standard Structure of Testamentary Trust

Further Information

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