Planned Giving

Testamentary Trusts

A TESTAMENTARY TRUST is written into a will or living trusts and is set into motion by the Court after the process reaches a certain point of execution. It is used only after the death of the person whose estate it represents. It is possible to use a testamentary trust to fund many of the deferred gift options discussed elsewhere in these pages. In that manner, the options are referred to as a testamentary charitable gift annuity, a testamentary charitable remainder trust, or a testamentary charitable lead trust.

For more information on planned giving opportunities, contact the Homewood Foundation at 1-800-559-CARE or direct email questions to foundation@hmwd.org.