What is a testamentary trust?Can they be bought or sold?

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What is a testamentary trust?Can they be bought or sold?

2006-10-08 04:49:05 · 2 answers · asked by Joe K 1 in Business & Finance ➔ Renting & Real Estate

2 answers

A testamentary trust is a trust set up by someone in his or her will. You can't buy or sell the trust, but the Trustee can buy and sell assets on behalf of the trust.

2006-10-08 06:39:02 · answer #1 · answered by Susie 5 · 4⤊ 0⤋

Go to findlaw.com
click trusts under estate planning

2006-10-08 12:39:36 · answer #2 · answered by Richard S 1 · 0⤊ 1⤋