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Testamentary Trust
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.
Please note, individual
financial circumstances will vary. The information on this site does not
constitute legal or tax advice. Donor stories and photographs are for
purposes of illustration only. As with all tax and estate planning, please
consult your attorney or estate specialist. All material is copyrighted
and is for viewing purposes only. Use of this site signifies your agreement
with the terms of use. The content in this Planned
Giving section has been developed for LBCC Foundation by Future
Focus. Please report any problems to webmaster.