Do It Yourself Legal Will

What is a Testamentary Trust?

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What is a Testamentary Trust?

Literally, a testamentary trust is a trust in a will. A testamentary trust is also referred to as a will trust and is a trust that arises upon the death of the testator, who is specified in the will. A will may contain more than one testamentary trust and may address all or any portion …

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Executors as Trustees

> The Executor will distribute your Estate to the beneficiaries you select in your Will. However, not all beneficiaries will take their gift straight away. The following are examples of beneficiaries that cannot hold their gift in their own right: Children (under 18 years of age) Persons who have a legal disability (for instance mental …

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