A trust that comes into existence only after the will is probated is known as a(n) _____ trust.

Question

A trust that comes into existence only after the will is probated is known as a(n) _____ trust.

Quizplus · Accepted Answer

A trust that is created in a will and comes into effect only after the death of the testator is called a testamentary trust. It is irrevocable once the testator dies, and the assets in the trust are managed according to the terms of the trust document. The other options are not relevant to a trust created in a will.

A Trust That Comes into Existence Only After the Will