testamentary trust

testamentary trust

noun Law.
a trust set up under the terms of a will.
Compare living trust.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Testamentary trust is always a great word to know.
So is slander. Does it mean:
defamation by oral utterance rather than by writing
a release from the penalty of an offense; a remission of penalty, as by a governor; the document by which such remission is declared
WordNet
testamentary trust

noun
a trust that is created under a will and that becomes active after the grantor dies 
WordNet® 3.0, © 2006 by Princeton University.
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