Testamentary Trusts are created by a will, therefore; the trust does not exist until the will is administered following one's death. While a Testamentary Trust does not avoid probate, there are reasons to consider a Testamentary Trust such as:
- Ensures orderly distributions of assets as outlined in your will
- Long term management of assets
- Provides life estate to beneficiaries
- May create certain tax savings
Contact us today at 870-698-6371 for more information.