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.comA testamentary trust is created through a will and begins at the grantor’s death, usually in probate. After the will is verified, the executor gets authorized, the executor funds the trust assets. A trustee oversees the assets and makes distributions to beneficiaries based on the trust terms.