Usual costs of a testamentary trust include
A)will preparation fees.
B)future trustee's fees.
C)future probate fees.
D)all of the above

Question

Usual costs of a testamentary trust include​
A)will preparation fees.
B)future trustee's fees.
C)future probate fees.
D)all of the above

Quizplus · Accepted Answer

All of the options listed are typical costs associated with a testamentary trust. Will preparation fees are incurred when drafting the will that creates the trust. Future trustee's fees are costs for managing the trust after the grantor's death. Future probate fees are related to the legal process of administering the estate, which includes the testamentary trust.

Usual Costs of a Testamentary Trust Include​

Usual Costs of a Testamentary Trust Include