What Is a Testamentary Trust? How It Works & When to Use One
Testamentary trusts are irrevocable estate planning tools that let you control how wealth and assets are distributed after your death.
www.thrivent.comA testamentary trust originates in a will and activates after the grantor dies, typically during probate Once the will is verified, the executor gets authorized, the executor funds the trust assets. A trustee oversees the assets and distributes to beneficiaries per the trust terms.