testamentary trust

noun

Law.

1. a trust set up under the terms of a will.

Example Sentences

The “testamentary trust will be self-liquidating after a decade or so and operate with a lean staff,” Buffett said.

From Seattle Times

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.

From Seattle Times

The Trust in TAM 200733023 was a testamentary trust, which acquired an LLC interest.

From Forbes