What Is a Testamentary Trust?
A testamentary trust is a type of trust created through a person’s Last Will & Testament that only takes effect after their death. It allows you to control how and when your assets are distributed to your beneficiaries, often providing structure and protection for loved ones who may not be ready to...
Revocable vs. Irrevocable Trusts
A trust is a legal entity, separate from yourself, into which you transfer assets for management and distribution. The person who creates the trust, called the grantor, places assets into the trust. Then, a trustee of the grantor’s choosing manages those assets according to the trust’s terms for the benefit of...