Unlike living trusts, which are created during a person’s lifetime, testamentary trusts are activated only after the testator’s passing, offering a posthumous method of asset management.

When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.

Hispanolistic / Getty Images A special needs trust is a legal arrangement and fiduciary relationship that allows a disabled or chronically ill person to receive income without reducing their ...

Two trusts you may come across in the estate planning process include bypass trusts and marital trusts, both of which can protect assets and provide financial security to surviving family members.