testamentary trust

testamentary trust
testamentary trust see trust

Merriam-Webster’s Dictionary of Law. . 1996.

testamentary trust
A trust created by a will, effective only upon the death of the will maker. Compare: living trust
Category: Wills, Trusts & Estates → Estates, Executors & Probate Court
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.

testamentary trust
A trust set up by a will.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

testamentary trust
   a trust created by the terms of a will. Example: "The residue of my estate shall form the corpus (body) of a trust, with the executor as trustee, for my children's health and education, which shall terminate when the last child attains the age of 25, when the remaining corpus and any accumulated profits shall be divided among my then living children." A testamentary trust differs from an "inter vivos" or "living" trust, which comes into being during the lifetime of the creator of the trust (called trustor, settlor or donor), usually from the time the declaration of trust is signed.

Law dictionary. . 2013.

См. также в других словарях:

  • Testamentary trust — A testamentary trust (sometimes referred to as a will trust) is a trust which arises upon the death of the testator, usually under his or her will. Testamentary trusts are distinguished from inter vivos trusts, which are created during the… …   Wikipedia

  • Testamentary Trust — A legal and fiduciary relationship created through explicit instructions in a deceased s will. A testamentary trust goes into effect upon an individual s death and is commonly used when someone wants to leave assets to a beneficiary, but doesn t… …   Investment dictionary

  • testamentary trust — noun a trust that is created under a will and that becomes active after the grantor dies • Hypernyms: ↑trust * * * noun : a trust created by the terms of a will compare living trust * * * Law. a trust set up under the terms of a will. Cf. living… …   Useful english dictionary

  • testamentary trust — Law. a trust set up under the terms of a will. Cf. living trust. * * * …   Universalium

  • testamentary trust — A trust created by will. See precatory trust …   Ballentine's law dictionary

  • testamentary trust — A trust created by a will, that is scheduled to occur after the maker s death. Bloomberg Financial Dictionary …   Financial and business terms

  • trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… …   Law dictionary

  • Trust law in England and Wales — is the original and foundational law of trusts in the world, and a unique contribution of English law to the legal system. Trusts are part of the law of property, and arise where one person (a settlor ) gives assets (e.g. some land) to another… …   Wikipedia

  • testamentary — I adjective by way of a will, bequeathed by will, contained in a will, devised by will, distributed by will, given by testament, hereditary, patrimonial, set forth in a will, transferred by a legacy, transferred by bequest, transferred by devise… …   Law dictionary

  • trust account — n: an account opened with a trust company (as a bank) under which an inter vivos or testamentary trust is set up (as for the escrow of funds) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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