WILL WITH TESTAMENTARY TRUST:
 
A Will with a testamentary trust is very similar to your standard Will however the document has a trust built into it. These documents are commonly used when we are doing an estate with minor children or if one of the beneficiaries is mentally incapacitated. Upon the demise of the maker of the Will, the Will goes through the probate process but instead of the assets going directly to the beneficiary they go into a trust for the benefit of the beneficiary. The trust will name a trustee. The money in the trust can be distributed to the beneficiary for health, education, maintenance and support of the beneficiary. When the beneficiary attains the age of distribution then the trust shall distribute the balance of it’s proceeds directly to the beneficiary. We do two types of Wills with testamentary trusts: 1. Simple Minor’s trust and 2. Complex Minor’s trust.