Testamentary Trusts

A testamentary trust is a legal arrangement created through a will that comes into effect after a person passes away. It allows the deceased to specify how their assets should be managed and distributed to beneficiaries, often to provide for minors or individuals who may need assistance managing their inheritance. A trustee is appointed to oversee the trust and ensure that the terms set out in the will are followed. This type of trust helps control the distribution of assets and can provide financial protection and support for beneficiaries according to the deceased’s wishes.