Testamentary Trust
A trust created as a result of explicit instructions from a deceased's will.

Investopedia Says:
Typically, the remaining estate of the deceased (trustor) will act as the body of the trust, and the executor will manage it until the beneficiaries are capable of doing so individually.

Related Terms:
Beneficiary
Estate
Inter-Vivos Trust
Trust
Trustee
Trustor
Will

• Contribution Margin
• Contributory Value
• Controller
• Controlling Interest
• Control Stock
• Convenience Yield
• Conventional Mortgage
• Convention Expenses
• Convergence
• Conversion
• Conversion Option
• Conversion Premium
• Conversion Price
• Conversion Ratio
• Convertible Adjustable Preferred Stock (CAPS)
• Convertible Adjustable Preferred Stock (CAPS)
• Convertible Arbitrage
• Convertible Bond
• Convertible Debenture
• Convertible Preferred Stock
• Convertibles
• Convertible Subordinate Note
• Conveyance
• Conveyance Tax
• Cooke Ratio