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testamentary trust

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Testamentary trust
A trust created by a will, that is scheduled to occur after the maker's death.
Testamentary Trust
A trust created in a will. A testamentary trust is considered part of an estate and is therefore subject to estate taxes, if any. However, a testamentary trust is useful if the deceased has minor children whose assets need to be managed before they reach maturity. The trustee of the testamentary trust does this on behalf of the estate.
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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Carnatom LLC, led by Donald Coulter II; Webb LLC, led by John Coulter; and the Dixie Faye Johnson Testamentary Trust acquired the location near the southeast corner of Northshore Lane and Northshore Place.
Site acquisition by Waldon, George / Arkansas Business
A testamentary trust is a separate taxpayer that enjoys graduated marginal tax rates, somewhat like an individual.
Who needs a will? Think getting a will prepared is a hassle? Try ... by Rheubottom, Sean / SaskBusiness
All states that tax the income of trusts base their jurisdiction to tax resident trusts on a combination of one or more of the following factors: 1) residence of the testator of the trust at death for a testamentary trust (resident testator), or residence of the settlor at the time the trust becomes irrevocable for a living trust (resident settlor); 2) residence of the trustee; 3) place of administration; or 4) residence of the beneficiaries.
So you left your trust at home when you moved to Florida by Kern, Jeffrey A.; Shore, H. Allan / Florida Bar Journal
 
 
 
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