Can anyone explain a “testamentary trust” to me?

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I’m disabled and wondering what the most beneficial way my parents could leave me money would be.

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3 Answers

Anonymous 0 Comments

A testamentary trust is simply a trust fund that is set up at the time of someone’s death, as one of the provisions of a will, in order to distribute assets. It doesn’t even have to be for heirs–such a trust could be created simply to give all of the assets to various charities.

As to what is most beneficial for you, that’s not an ELI5 question.

Anonymous 0 Comments

A testamentary trust is simply a trust fund that is set up at the time of someone’s death, as one of the provisions of a will, in order to distribute assets. It doesn’t even have to be for heirs–such a trust could be created simply to give all of the assets to various charities.

As to what is most beneficial for you, that’s not an ELI5 question.

Anonymous 0 Comments

A testamentary trust is simply a trust fund that is set up at the time of someone’s death, as one of the provisions of a will, in order to distribute assets. It doesn’t even have to be for heirs–such a trust could be created simply to give all of the assets to various charities.

As to what is most beneficial for you, that’s not an ELI5 question.