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Simple English definitions for legal terms

testamentary trust

Read a random definition: Multilateral

A quick definition of testamentary trust:

A testamentary trust is a special kind of trust that is made when someone writes their will. It only starts after the person who wrote the will has died.

A more thorough explanation:

A testamentary trust is a type of trust that is created in a person's will. It only comes into effect after the person has passed away.

For example, let's say that John creates a will that includes a testamentary trust for his daughter, Sarah. John passes away, and the trust is then established for Sarah's benefit. The trust will be managed by a trustee, who will be responsible for distributing the assets in the trust to Sarah according to the terms of the trust.

Another example could be a person who wants to leave money to a charity after they pass away. They could create a testamentary trust in their will that specifies how the money should be used by the charity.

Overall, a testamentary trust is a way for a person to ensure that their assets are distributed according to their wishes after they pass away. It can be a useful tool for estate planning and can provide peace of mind for the person creating the trust.

Testamentary power of appointment | Testate

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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