“A testamentary trust is created in a last will and testament ... There are websites that provide templates for people to create their own trust documents, but experts urge caution.

W hen planning your estate, you should understand different trust options available, such as testamentary trusts and living ...

There are two basic types of trusts: living trusts and testamentary trusts. A living trust or an "inter-vivos" trust is set up during the person's lifetime. A Testamentary trust is set up in a ...