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testamentary trust
(redirected from Testamentary Trusts)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
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Noun1.testamentary trust - a trust that is created under a will and that becomes active after the grantor dies
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"


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au is a market leader in the area of online Legal Wills, Testamentary Trusts and Power of Attorney documents.
These testamentary trusts can produce tax savings because: * Income produced by the assets in each trust can be taxed in the trust, which is a separate taxpayer with graduated marginal rates.
18) Accordingly, planning steps for Michigan testamentary trusts are limited in the same manner as Illinois and Pennsylvania.
 
 
 
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