A testamentary trust is a trust that takes effect upon the testator’s death, often created for minor children or young adults. It involves appointing a trustee to handle funds until a certain point when the trust expires. While it can be costly due to legal fees, it may be beneficial for those with high life […]
A testamentary trust is created by a will and administered by a trustee for the benefit of named beneficiaries. It is important to choose beneficiaries and trustees, structure the trust, and protect it from legal and tax challenges. Testamentary trusts can provide regular income and care for minor children or disabled individuals, appoint a trustee […]
