Gusty A.E. Sunseri & Associates, P.C. Attorneys at Law Super Lawyers

June 2015 Archives

What is a Testamentary Trust?

Most people associates the word "Trust" with exorbitant wealth while associating the word with the phrase "Trust Fund Babies". The truth is that one of the first things I ask couples who have children up to age 30 that come to me for Wills & Estates planning is whether or not they want to include a trust in their will? Quite simply, a trust that is in a will is known as a "testamentary trust". The trust does not come into existence until the individual dies. At that point if there is no surviving spouse, the trust begins and whatever assets the testator or testatrix wants to be directed to the trust are deposited or placed in the trust to be overseen by a Trustee.

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Gusty A.E. Sunseri & Associates, P.C.

1290 Freeport Road
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