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Testamentary Trust

Testamentary Trust

CUT

Unlike a Living Trust…… This eases the necessity of having to set up a guardianship of the estate, in case of minors, with all of the concurrent court filings, accountings and supervision.

If anyone currently has minor children, or is considering having children, inclusion of this provision gives an Executor the greatest flexibility in handling the children’s estate if neither parent is alive while the children are still minors.

Normally, the person or one of the people named as guardian of the minor children will also be named the Trustee of the Trust. However, in some circumstances it may be advantageous to have different people fulfill these roles.

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