testamentary trust

testamentary trust
testamentary trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

testamentary trust
A trust created by a will, effective only upon the death of the will maker. Compare: living trust
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.


testamentary trust
A trust set up by a will.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

testamentary trust
n.
   a trust created by the terms of a will. Example: "The residue of my estate shall form the corpus (body) of a trust, with the executor as trustee, for my children's health and education, which shall terminate when the last child attains the age of 25, when the remaining corpus and any accumulated profits shall be divided among my then living children." A testamentary trust differs from an "inter vivos" or "living" trust, which comes into being during the lifetime of the creator of the trust (called trustor, settlor or donor), usually from the time the declaration of trust is signed.

Law dictionary. . 2013.

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