testamentary trust (Meaning)
testamentary trust (n)
a trust that is created under a will and that becomes active after the grantor dies
Synonyms & Antonyms of testamentary trust
No Synonyms and anytonyms found
testamentary trust Sentence Examples
- The testator established a testamentary trust to ensure the equitable distribution of their assets upon their demise.
- The testamentary trust specified specific instructions and limitations for the management and distribution of the inherited assets.
- The beneficiaries of the testamentary trust were carefully selected by the testator to receive the estate's benefits.
- The trustee of the testamentary trust is responsible for managing the trust's assets and administering the distribution according to the testator's wishes.
- The terms of the testamentary trust are legally binding and must be followed by the trustee and beneficiaries.
- The testamentary trust provides a structured and systematic approach to managing the deceased's assets and fulfilling their final wishes.
- The creation of a testamentary trust can help to minimize inheritance disputes and ensure the testator's intentions are carried out.
- The testamentary trust may specify periodic or lump-sum distributions to beneficiaries over a specified period.
- The trust document outlines the duration of the testamentary trust, which may be temporary or extend for generations.
- Amendments to the testamentary trust may be made by the testator during their lifetime, subject to legal requirements and limitations.
FAQs About the word testamentary trust
a trust that is created under a will and that becomes active after the grantor dies
No synonyms found.
No antonyms found.
The testator established a testamentary trust to ensure the equitable distribution of their assets upon their demise.
The testamentary trust specified specific instructions and limitations for the management and distribution of the inherited assets.
The beneficiaries of the testamentary trust were carefully selected by the testator to receive the estate's benefits.
The trustee of the testamentary trust is responsible for managing the trust's assets and administering the distribution according to the testator's wishes.
