Examples of Testamentary trust in a sentence
Testamentary trust means a trust created by a will and effective upon the death of the individual making the will.
Testamentary trust: this is a trustee of a trust set up in a deceased’s will.
If bankruptcy estate is checked, see the “Exceptions” in the instructions for lines 1 and 6a.• Inter vivos trust – a trust created during a grantor’s lifetime.• Testamentary trust – a trust created by a decedent’s will that comes into existence at the death of the decedent.• Section 645 election – allows a qualified revocable trust to be treated and taxed as part of the related estate during the election period.
F.1 Trust Or Superannuation Fund Detail Full name of trust or Superannuation fundCountry of establishment Australian Registered Scheme Number (ARSN)Type of trustFamily trust Charitable trust Testamentary trust Superannuation fund Other - please specifyFull name of Settlor/s* (if applicable)* The person(s) who settles the initial sum or assets to create the Trust.
Testamentary trusts are acceptable if we are provided with the “Will” creation date of which the Testamentary trust will be issued.