Testamentary trust

What is Testamentary trust?

Testamentary trust meaning in finance terminology / glossary / dictionary is:
Testamentary trust is a property ownership arrangement that’s established according to instructions within a will, and after the grantor has died. Generally, the trust will hold the decedent’s property. An appointed executor must manage the property and make distributions to beneficiaries in accordance with the grantor’s wishes.

 

reference: MortgageLoan.com

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