Testamentary Trust: Definition & How It Works
Learn what a testamentary trust is, how it works, and its benefits in estate planning. Get expert insights on setting up a testamentary trust, with MetLife.
www.metlife.comThis testamentary trust is created through a will and takes effect only after the grantor's death, typically during probate Once the will is verified, the executor is authorized, the executor funds the trust assets. A trustee manages the assets and makes distributions to beneficiaries based on the trust terms.