What is a testamentary trust?
A testamentary trust is a trust that is as opposed to an intervivos trust, which is a living trust, which is done while you’re living. A testamentary trust is actually produced in your will and it is a trust that is set up to handle the assets that maybe left to a minor or someone who has incapacity of some type or nature that may need a trustee to handle whatever assets are being given to that minor individual or incapacitated individual.
