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Testamentary Trust for Form

Testamentary Trust for Form

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hi I'm Sarah Seaton Toph I'm an estate planning and probate attorney in Atlanta Georgia what is a testamentary trust a testamentary trust is a trust that is inside your will and does not come into effect until you have passed away now under that category there are bazillions of different types of trusts which might do different things but the main point is that a testamentary trust only is in your will and only happens after you pass away the opposite of this is a living trust which comes into effect now today when you sign it and you put things into during your lifetime but if you had a testamentary trust you would designate in your will that you wanted a testamentary trust and what of what things it does but in your will you would put things into the trust as opposed to doing that before you've passed away and this can be a great possibility for flexible estate planning because you can designate that a trust only comes into existence if such and such a thing o

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