A trust that comes into existence only after the will is probated is known as a __________ trust.

Question

A trust that comes into existence only after the will is probated is known as a __________ trust. ​

Quizplus · Accepted Answer

A testamentary trust is a trust that is created within a will and takes effect only upon the testator's death and after the will is probated. It allows the testator to provide for the distribution of assets to their beneficiaries after their death, while also ensuring that the assets are managed and protected by a trustee. Living or inter vivos trusts are created during the lifetime of the grantor, and a letter of instructions and a codicil are different estate planning documents that do not create a trust.

A Trust That Comes into Existence Only After the Will