2. How is a testamentary trust created? When does it come into existence?

What will be an ideal response?


A testamentary trust is part of a will. All the trust provisions are enumerated as a section of the will. Since a will is ambulatory, meaning that it doesn’t take effect until the trustor dies, the trust does not take effect until the death of the trustor, or more particularly, when the will is probated.

Legal Studies & Paralegal

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