Definitions for "Testamentary trust"
Keywords:  vivos, testator, grantor, inter, trust
a trust created under the will of an individual, which begins at the death of that individual.
A trust created by the last will and testament of a decedent.
Trust set up by a will. Compare living trust.
a more complex form of Will which has far reaching benefits from the planning and taxation aspects
a very effective method of income splitting for the beneficiary of an estate
a powerful and flexible planning device