The Benefits of Establishing a Testamentary Trust in Your Will

A testamentary trust is a type of trust established through a person's will, taking effect after their death. It allows the distribution of assets to beneficiaries over time, according to specific terms set by the deceased. The trust is created when the will is probated, and an appointed trustee manages the assets on behalf of the beneficiaries, often for specific purposes like education, healthcare, or general support. Testamentary trusts can be particularly useful for minors, individuals with special needs, or beneficiaries who may not be financially responsible.

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