Testamentary trust: A trust that comes into existence only When you’ve passed away. The phrases from the trust are generally included in your will. A testamentary trust is irrevocable by definition. The trust avoids probate, guaranteeing the funds are transferred immediately and promptly. While you’re alive, you retain comprehensive control https://legalzoom-preparation-of97738.bloggip.com/37526265/facts-about-plans-trusts-revealed