testamentary trust

noun

, Law.

1. a trust set up under the terms of a will.

Example Sentences

The “testamentary trust will be self-liquidating after a decade or so and operate with a lean staff,” Buffett said.

From Seattle Times

The Salina Journal reports that the DeBruce Foundation along with the Walter S. and Evan C. Jones Testamentary Trust have donated to a capital campaign to fund the renovation.

From Seattle Times

The simplest and most inexpensive way to avoid this situation is to have the policyholder’s will create a testamentary trust after the holder’s death.

From New York Times

The simplest and most inexpensive way to avoid this situation is to have the policyholder’s will create a testamentary trust after the holder’s death.

From New York Times

The simplest and most inexpensive way to avoid this situation is to have the policyholder’s will create a testamentary trust after the holder’s death.

From New York Times