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.comThis testamentary trust is set up via a will and takes effect only after the grantor's death, often during probate After verification of the will, the executor gets authorized, the executor provides funding to the trust. A trustee oversees the assets and makes distributions to beneficiaries based on the trust terms.