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testamentary trust

American  

noun

Law.

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

Example Sentences

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Alternatively, you could each place your 50% interest in the home into a testamentary trust at your death, giving the surviving spouse the right to live there for life.

From MarketWatch • Feb. 10, 2026

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.