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Simple English definitions for legal terms
Testamentary
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A quick definition of Testamentary:
Term: Testamentary
Definition: Testamentary refers to something that is related to a will or testament. It is often used to describe something that was created, appointed, or provided for in a will. For example, a testamentary trust is a trust that is created through a will. Testamentary capacity refers to a person's ability to make a valid will, and testamentary power of appointment refers to the ability to appoint someone to receive property after death through a will.
A more thorough explanation:
Testamentary
Testamentary refers to something that is related to a will or testament. It is often used to describe something that was created, appointed, or provided for by a will.
- A testamentary trust is a trust that is created by a will.
- Testamentary capacity refers to a person's ability to make a valid will.
- John's will included a testamentary power of appointment, which allowed his daughter to distribute his assets to his grandchildren.
These examples illustrate how the term testamentary is used to describe things that are related to a will. A testamentary trust is a type of trust that is created by a will, while testamentary capacity refers to a person's ability to make a valid will. The example of John's will shows how a testamentary power of appointment can be used to give someone the authority to distribute assets according to the wishes of the person who made the will.