TRUST IN BUSINESS™

Trust Lesson

Testamentary Trust

A trust created under a will that comes into existence after death.

How it works

The will establishes the trust terms; assets pass through probate before funding the trust. Courts may retain supervisory jurisdiction.

Common uses

  • — Providing for minor children
  • — Staged inheritances

Key considerations

  • — Does not avoid probate
  • — Can be revised until death by changing the will

Educational content only. Not legal, tax, or investment advice. Trust law differs by jurisdiction. Consult qualified professionals before acting.

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