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 is created through a will and takes effect only after the grantor's death, often during probate Once the will is verified, the executor is authorized, the executor provides funding to the trust. A trustee manages the assets and distributes to beneficiaries per the trust terms.