What Is a Testamentary Trust?

Testamentary Trust (Testamentary Trust) refers to a trust established through a legal act such as a will, also known as a post-mortem trust. When the client submits the property to the trust by means of a will, the so-called testament trust means that the client plans the property in advance, including the management, distribution, use and payment of the estate after the trust is delivered Etc, detailed in the will. When the will becomes effective, the trust property is transferred to the trustee, and the trustee manages and disposes the trust property according to the contents of the trust, that is, the matters assigned by the client's will. Compared with personal trust businesses such as money, real estate, or securities, the biggest difference between a testament trust is that the testament trust does not take effect until the client's death.