Testamentary trust definition

Testamentary trust means a trust created by devising or bequeathing property in trust in a will as such terms are used in the Iowa probate code as provided in chapter 633A. Testamentary trust includes a revocable trust that has not been revoked prior to the grantor’s death.
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Testamentary trust means a trust created by devising or bequeathing property in trust in a will as such terms are used in the Kansas probate code.
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Testamentary trust means a trust that is created by
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Examples of Testamentary trust in a sentence

  • Testamentary trust means a trust created by a will and effective upon the death of the individual making the will.

  • For purposes of this paragraph, the value of any asset shall be its fair market value on the day that it was contributed to the trust; any subsequent appreciation or depreciation in the value of the asset shall be disregarded.(2) Testamentary trust.

  • This subdivision (ii) applies even though a person charged with the care of the person or property of the grantor has the power to change the terms of the trust.(4) Testamentary trust established by ill executed on or before October 9, 1969.

  • Testamentary trust: this is a trustee of a trust set up in a deceased’s will.

  • If bankruptcy estate is checked, see the “Exceptions” in the instructions for lines 1 and 6a.• Inter vivos trust – a trust created during a grantor’s lifetime.• Testamentary trust – a trust created by a decedent’s will that comes into existence at the death of the decedent.• Section 645 election – allows a qualified revocable trust to be treated and taxed as part of the related estate during the election period.


More Definitions of Testamentary trust

Testamentary trust means an express trust created under a will.
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Testamentary trust means a trust that is established by a will. This type of trust does not take effect until after the death of the person (testator) who created the trust.
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Testamentary trust means a trust created by devising
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Testamentary trust means a trust created under a will.
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Testamentary trust means a trust established under the will of a deceased person;
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Testamentary trust means a trust that is created by the terms of the will , including, without limitation, the electronic will, of a person.
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Testamentary trust means a trust created under a will or any other trust created, authorized or approved by order of a probate court.
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