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

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 ...

A testamentary trust is created as part of a will ... is an irrevocable trust where assets go into the trust for the benefit of the child, and a trustee is appointed to manage the funds.