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2. Testamentary trust - Wikipedia

   en.wikipedia.org/wiki/Testamentary_trust

   the beneficiary(s), who will receive the benefits of the trust; Although not a party to the trust itself, the probate court is a necessary component of the trust's activity. It oversees the trustee's handling of the trust. A testamentary trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that ...

3. Trust (law) - Wikipedia

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

   Fixed trust: The entitlement of the beneficiaries is fixed by the settlor. The trustee has little or no discretion. Common examples are: a trust for a minor ("to x if she attains 21"); a 'life interest' ("to pay the income to x for her lifetime"); and; a 'remainder' ("to pay the capital to y after the death of x")

4. Can I Name a Minor as a Beneficiary? - AOL

   www.aol.com/name-minor-beneficiary-130126708.html

   You cannot name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies. The significant exception to this rule is trusts. You ...

5. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   Qualified beneficiaries" are defined as a beneficiary who, on the date the beneficiary's qualification is determined: (A) is a distributee or permissible distributee of trust income or principal; (B) would become a distributee or permissible distributee of trust income or principal if a present distributees' interest ended on that date without ...

6. What is a will and how does it work? - AOL

   www.aol.com/finance/does-202204559.html

   Testamentary trust will: This type of will establishes a trust within the document, allowing for more control over how assets are distributed and managed, particularly for beneficiaries who may ...

7. What Do My Beneficiaries Need to Know About Trusts & Money? - AOL

   www.aol.com/does-beneficiary-money-trust...

   Trust beneficiaries may also have to deal with tax repercussions too. Depending on trust, money or assets, and the estate laws within the state, a tax payment may be required.