How Testamentary Trusts Can Secure Your Family’s Future
A testamentary trust is a type of trust established through a person’s will, which only comes into effect after their death. It is designed to manage and distribute the deceased’s assets according to their wishes, often for beneficiaries who may be minors, financially inexperienced, or need protection. Unlike a living trust, which is created during the person's lifetime, a testamentary trust is part of the probate process.
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