testamentary trust

Definition

A trust created within a will. Does not take effect until the death of the grantor.

Use testamentary trust in a sentence

With my lawyer at my disposal, we hashed out the details of the testamentary trust, and finalized some other parts of the will.

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I've decided to leave the bulk of my wealth to my lovely daughter Emma in the form of a testamentary trust not to be withdrawn from until a certained date.

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"And now," said my grandmother's solicitor, "I am going to read the terms of her testamentary trust, as my client had stated that you were her sole benefactor."

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testamentary capacity inter vivos trust