Extension Office: Discussing Testamentary Trusts
July 6, 2022
This is part of monthly series of articles focusing on estate and legacy planning. Authors are Kaleena Miller, Madison-Jefferson County Extension Agent, email@example.com, and Marsha Goetting, MSU Extension Family Economics Specialist, firstname.lastname@example.org.
A person can create a testamentary trust with a written will says MarshaGoetting, MSU Extension family economics specialist. A testamentary trust is one that is set up according to the instructions contained in a person’s last will and testament. The owner’s property, such as stocks, bonds, mutual funds, home, bank or credi...