TESTAMENTARY TRUST
A Testamentary Trust is a trust contained in and created by a last will and testament. It provides for the distribution of all or part of an estate and often contains proceeds from a life insurance policy held on the person establishing the trust. There may be more than one testamentary trust per will and they are created to receive assets for beneficiaries in the will that might not be ideal candidates to receive outright gifts, such as minors or those with a disability.
The Estate Plan
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