What is a Testamentary Trust?

Upon your death, a provision within your Last Will and Testament creates a Testamentary Trust. Specific assets are turned over to a trustee for taking care of beneficiaries as you have directed.

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By making M&P Trustee, we can provide peace of mind to your family by providing investment management, along with carrying out the other provisions of the trust. You have the flexibility of declaring income from the trust to be paid to a beneficiary or beneficiaries during their lifetime, after which the principal can be distributed to another beneficiary or other beneficiaries. These types of trusts may also accomplish estate-tax savings.

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