Ever thought about testamentary trusts? A testamentary trust is a trust that is created within a Will. It outlines how your funds are spent on your children such as their education or health care. Where young children are involved, a testamentary trust will protect their needs.
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From testamentary freedom to testamentary duty: Finding the balance. ... Centre for Philanthropy and Nonprofit Studies Queensland University of Technology, 2008. 12. ... Michael E. O. Validity of testamentary contracts and promises: by wills.
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A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified in his or her will. A will may contain more than one testamentary trust, and may address all or any portion of the estate.
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