testamentary trust definition

testamentary trust

Trust created with a written will and which, unlike an inter vivos trust, takes effect only at the death of the will maker (the testator) or the trust maker (the trustor) and is, therefore, subject to probate.

testamentary trust is in the Corporate, Commercial, & General Law subject.

testamentary trust appears in the definitions of the following terms: inter vivos trust, settlor and trust

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