A
A testamentary trust is created through a will and comes into effect upon the testator's death, whereas a living trust is established during the testator's lifetime.
2 years ago
Q
How do testamentary trusts and living trusts differ in terms of creation and purpose?
Guaynabo
Answers
2 answers from the community
A
Testamentary trusts are often used for managing assets for beneficiaries, while living trusts can help with estate planning and avoiding probate.
2 years ago