When planning your estate, you should understand different trust options available, such as testamentary trusts and living ...

One of the primary benefits of a testamentary trust is its ability to provide financial security and oversight for beneficiaries who may not be ready to manage large sums of money independently.

For these reasons, many estate planning experts prefer living trusts, which can provide the same benefits of testamentary trusts while, at the same time, avoiding probate. The only time a ...

There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...