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testamentary trust
noun
Law.
- a trust set up under the terms of a will.
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Example Sentences
Examples have not been reviewed.
The “testamentary trust will be self-liquidating after a decade or so and operate with a lean staff,†Buffett said.
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The Salina Journal reports that the DeBruce Foundation along with the Walter S. and Evan C. Jones Testamentary Trust have donated to a capital campaign to fund the renovation.
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The Trust in TAM 200733023 was a testamentary trust, which acquired an LLC interest.
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