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Estate Planning Shelley Wood Estate Planning Shelley Wood

Testamentary Trusts - A Guide

The phrases ‘testamentary trust’, ‘testamentary discretionary trust’, TT, TDT…. are all just jargon for a trust set up in a will that starts when the willmaker dies. They are very similar to a family trust but a testamentary trust is established by a person’s will and remains dormant, ready to start when a person dies.

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