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testamentary trust

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Testamentary trust
A trust created by a will, that is scheduled to occur after the maker's death.
testamentary trust
A trust created by a person's will, thereby not effective until the death of the testator. Testamentary trusts are used chiefly by wealthy individuals who are concerned about their beneficiaries' ability to administer large amounts of assets.
testamentary trust

A trust created by one's last will and testament.



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