As a Californian resident who is dealing with matters of trusts or trust administration for the first time, it's easy to get overwhelmed. Which option is right for you? What are the legal ins and outs of trusts? Today, we'll take a look at testamentary trusts.
FindLaw takes a look at what a testamentary trust is, including its purpose, unique features, and how it works together with other aspects of estate administration. First and foremost, testamentary trusts are a type of "express trust". Trusts in general are funds set up while you're living that can either be distributed while you're still alive. For example, trust funds can be used to support those with developmental disabilities.