Legal Question in Wills and Trusts in Wisconsin
testamentary trust
What are conditions creating testamentary trust in Wisconsin. You have to make it or it is up to person to do it or not to do it?
Asked on 1/19/09, 3:37 pm
1 Answer from Attorneys
Thomas Olson
David F. Gram & Associates, LLC
Re: testamentary trust
A testamentary trust is sometimes referred to as a "will trust" because it is a trust which arises upon the death of the testator, under his or her will. So, by definition it requires the person who wants to use a testamentary trust to execute a will and to create the terms and conditions of the trust in the will.
Answered on 1/19/09, 3:52 pm
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