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TESTAMENTARY TRUST

Pronunciation (US):

Dictionary entry overview: What does testamentary trust mean?

• TESTAMENTARY TRUST (noun)
The noun TESTAMENTARY TRUST has 1 sense:

1. a trust that is created under a will and that becomes active after the grantor dies

Familiarity information: TESTAMENTARY TRUST used as a noun is very rare.

Dictionary entry details

• TESTAMENTARY TRUST (noun)

Sense 1

testamentary trust ^{[BACK TO TOP]}

Meaning:

A trust that is created under a will and that becomes active after the grantor dies

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("testamentary trust" is a kind of...):

trust (something (as property) held by one party (the trustee) for the benefit of another (the beneficiary))

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