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Testamentary Trust Form

Testamentary Trust Form

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[Music] what is a testamentary trust my name is andrew ayers i'm an estate planning and business law attorney and today we're going to talk about a different kind of trust one you don't always hear about blogs and read about in articles so a testamentary trust is really like a simplified trust now when you think of a trust agreement you normally think of a long 50 or 60 page document it has lots of provision trustees beneficiaries has all kinds of in-depth and complex language but many people don't need a standalone trust in fact they need to trust just in case and usually that just in case is if they have children under the age of 18 they want to have a trust set up to protect them one way you can do that is what's called a testamentary trust which is a trust that's set up in your will and it only comes into effect when you die now if you're a young couple and let's say you have you have a young child you have a couple of

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