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Testamentary Trust

Testamentary Trust

Testamentary Trust (noun): A Trust that begins upon the death of the Grantor, and is specified in his or her Will. A Will may contain more than one Testamentary Trust, and may include all or any portion of the Estate.

Words commonly used with this term include:

  • Trust
  • Estate
  • Beneficiary
  • Grantor
  • Will

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