Asked by Jawaid Junaid on Apr 23, 2024
Verified
A testamentary trust is created
A) in the decedent's will.
B) by the court of administration.
C) by the court of probate.
D) for the children only.
Testamentary Trust
A trust that is created by will and that does not take effect until the death of the testator.
Decedent's Will
A legal document specifying how an individual’s assets and responsibilities should be managed and distributed after their death.
- Acquire knowledge on the notion and classifications of property ownership and distribution amidst marriage and divorce.
Verified Answer
RE
Raqueliah Elmyra6 days ago
Final Answer :
A
Explanation :
A testamentary trust is created in the decedent's will, specifying how the assets are to be managed and distributed after the person's death.
Learning Objectives
- Acquire knowledge on the notion and classifications of property ownership and distribution amidst marriage and divorce.