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testamentary trust

/ˈtɛstəˌmɛntəri trəst/
IPA guide

Definitions of testamentary trust
  1. noun
    a trust that is created under a will and that becomes active after the grantor dies
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    type of:
    trust
    something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
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