In all these cases, a testamentary trust can be a useful estate planning tool. What’s more, it makes it possible to leave assets to minor children who may not be able to legally possess or ...

Testamentary trusts, by comparison, are fixed once the grantor passes away, providing less flexibility. Any changes would require legal proceedings, which can be cumbersome and costly.

There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...

Irrevocable trusts come in two forms: living trusts and testamentary trusts. A living trust, which is also known as an inter vivos (Latin for "between the living") trust, is originated and funded ...

A question for you: do you have an estate plan? Of course you do, everyone needs an estate plan. Second question: who is(are) ...

Understanding the different types of special trusts and their implications can help you make informed decisions about securing your loved ones' futures.

A revocable trust is created during an individual’s lifetime, and it can be changed at any time in that lifetime. A testamentary trust is created as part of a will. Neither trust need be funded ...

Generally speaking, this type of trust and similar ones are called testamentary trusts because property is actually transferred following the trustor's death. Assets in these trusts flow directly ...