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Utah Estate Planning Glossary - Testamentary Trust

Testamentary Trust:  a testamentary trust is a trust that is established through a last will and testament and becomes effective only after the grantor's death.  Under Utah law, a testamentary trust and governed by the terms of the grantor's will.  A testamentary trust can be used to exert some control over how assets left through a will can be used after the testator's death.  Testamentary trusts are used less frequently now, as living trusts can accomplish most of the purposes of a testamentary trust while still giving the grantor some benefit during the grantor's lifetime.  See also, living trust.

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Return to our estate planning glossary for more terms and definitions.

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