Sentences with TESTAMENTARY-TRUST
Check out our example sentences below to help you understand the context.Sentences
1
"A testamentary trust is a type of trust that is created through a person's will."
2
"The assets of a testamentary trust are distributed after the person's death."
3
"A testamentary trust can be set up to provide for the care and education of minor children."
4
"The terms of a testamentary trust are determined by the person creating the trust."
5
"A testamentary trust can be used to minimize estate taxes."
6
"The trustee of a testamentary trust is responsible for managing the trust assets."
7
"A testamentary trust can provide income for a surviving spouse."
8
"The beneficiaries of a testamentary trust can be individuals or charitable organizations."
9
"A testamentary trust may specify conditions for the distribution of assets."
10
"The establishment of a testamentary trust requires a valid will."
11
"A testamentary trust becomes effective upon the death of the person creating the trust."
12
"The assets of a testamentary trust are controlled by the terms of the will."
13
"A testamentary trust can be used to protect assets for future generations."
14
"The income generated by a testamentary trust can be used for specific purposes."
15
"A testamentary trust can provide for the long-term financial security of the beneficiaries."
16
"The trustee of a testamentary trust has a fiduciary duty to act in the best interest of the beneficiaries."
17
"A testamentary trust can be used to delay the distribution of assets to a beneficiary."
18
"The terms of a testamentary trust can be modified through a legal process."
19
"A testamentary trust can be revoked or terminated if the circumstances change."
20
"The administration of a testamentary trust is subject to probate proceedings."
1
"A testamentary trust is a type of trust that is created through a will and comes into effect upon the testator's death."
2
"The testator named his children as beneficiaries of the testamentary trust."
3
"The assets held in the testamentary trust are managed by a trustee until the beneficiaries come of age."
4
"The testamentary trust allowed the testator to provide for his grandchildren's education expenses."
5
"The terms of the testamentary trust state that the income generated from the trust's assets should be distributed annually to the beneficiaries."
6
"The deceased's attorney advised the family to establish a testamentary trust to minimize estate taxes."
7
"The testamentary trust ensured that the testator's assets would be distributed according to his wishes after his death."
8
"The testamentary trust included a provision to distribute a portion of the assets to a charitable organization."
9
"The court appointed a trustee to administer the testamentary trust due to a dispute among the beneficiaries."
10
"The beneficiaries of the testamentary trust are entitled to receive regular account statements from the trustee."
