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2. Testamentary trust - Wikipedia

   en.wikipedia.org/wiki/Testamentary_trust

   A testamentary trust provides a way for assets devolving to minor children to be protected until the children are capable of fending for themselves; [3] A testamentary trust has low upfront costs, usually only the cost of preparing the will in such a way as to address the trust, and the fees involved in dealing with the judicial system during probate.

3. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a ...

4. Pour-over will - Wikipedia

   en.wikipedia.org/wiki/Pour-over_will

   The trust instrument must be either in existence at the time when the will with the pour-over clause is executed, or executed concurrently with the will to be a valid pour-over gift. However, the trust need not be funded inter vivos. The pour-over clause protects property not previously placed in a trust by pouring it into the previously ...

5. Don’t Make This Mistake — Create a Trust Instead of a Will

   www.aol.com/don-t-mistake-create-trust-180010051...

   With a trust, you can leave specific instructions for the distribution of your assets and convey them clearly to the trustee you choose to carry them out. This way, you can control your assets ...

6. Creating a Will vs. a Trust: Which Is Right for You? - AOL

   www.aol.com/finance/creating-vs-trust-150010827.html

   Estate planning isn't exactly the sort of thing most people like to think about over their morning coffee. Pondering your mortality -- not to mention what will happen to your assets and property ...

7. Power of appointment - Wikipedia

   en.wikipedia.org/wiki/Power_of_appointment

   It is a trust that qualifies for the marital deduction, provided that the surviving spouse is given the income at least annually and the surviving spouse has a general power of appointment over the trust property remaining at his death. Most general powers of appointment are exercisable under a will. The holder of the power refers to the ...