What is a testamentary trust?

so a testamentary trust is a trust with

any will that does not become funded

until the testator has died and what I

mean by funded is that the assets that

are going to be placed and held in trust

for the beneficiary are not placed into

trust until the will has gone through

the probate process testamentary trusts

are very frequently used in our great

mechanisms if you'd like to provide for

a minor child or grandchild it allows

you to select a trustee to manage those

funds to determine at what age the

beneficiary has access to the funds

whether they get the funds all at once

or whether it's spread out in different

increments but a testamentary trust can

be a great cost effective way to

achieving your goals in estate planning