What is a testamentary trust?

A testamentary trust is a trust that is created within your will. This trust does not come into existence until your death. It acts sort of like an account that holds an inheritance for someone else. You specify the rules of the trust such as if the trust will pay for college or a wedding or travel and how old a beneficiary must be before getting the money out of the trust.

Attorney Jana McCreary

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Houston Estate Planning and Elder Law Attorney Jana R. McCreary has been an attorney for over eighteen years, a career move she made after working for over a decade with adults and children with intellectual disabilities and mental illness. Graduatin… Read More

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