testamentary trust

Definition of "testamentary trust"
  1. A trust established by a will that takes effect after the death of the person who created it
How to use "testamentary trust" in a sentence
  1. The testamentary trust will ensure the children's financial security after their father's death.
  2. By establishing a testamentary trust in his will, he was able to provide for his disabled younger sister.
  3. The family's wealth was managed through a testamentary trust as outlined in their grandmother's will.

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