testamentary trust

  

Definition

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.

Related Videos




http://www.businessdictionary.com/definition/testamentary-trust.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z