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Testamentary trust
/tˌɛstəmˈɛntəɹi tɹˈʌst/
/tˌɛstəmˈɛntɚɹi tɹˈʌst/
Testamentary trust
01
a trust that is created under a will and that becomes active after the grantor dies
Example
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a trust that is created under a will and that becomes active after the grantor dies