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testamentary trust

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testamentary trust n. a trust created by the terms of a will. Example: "The residue of my estate shall form the corpus (body) of a trust, with the executor as trustee, for my children's health and education, which shall terminate when the last child attains the age of 25, when the remaining corpus and any accumulated profits shall be divided among my then living children." A testamentary trust differs from an "intervivos" or "living" trust which comes into being during the lifetime of the creator of the trust (called trustor, settlor or donor), usually from the time the Declaration of Trust is signed. (See: will, trust, living trust)
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Carnatom LLC, led by Donald Coulter II; Webb LLC, led by John Coulter; and the Dixie Faye Johnson Testamentary Trust acquired the location near the southeast corner of Northshore Lane and Northshore Place.
Site acquisition by Waldon, George / Arkansas Business
A testamentary trust is a separate taxpayer that enjoys graduated marginal tax rates, somewhat like an individual.
Who needs a will? Think getting a will prepared is a hassle? Try ... by Rheubottom, Sean / SaskBusiness
All states that tax the income of trusts base their jurisdiction to tax resident trusts on a combination of one or more of the following factors: 1) residence of the testator of the trust at death for a testamentary trust (resident testator), or residence of the settlor at the time the trust becomes irrevocable for a living trust (resident settlor); 2) residence of the trustee; 3) place of administration; or 4) residence of the beneficiaries.
So you left your trust at home when you moved to Florida by Kern, Jeffrey A.; Shore, H. Allan / Florida Bar Journal
 
 
 
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