It’s also called a will trust or a trust under will. If you want to learn more about living trusts, you can head over to this handy article.Ī testamentary trust is a trust that’s written inside a will. The exact cost varies widely according to your location and your needs. A living trust takes more time and money to set up. There’s more paperwork-and money-involved with a living trust compared to a will. ![]() So, if you’re a parent, you definitely need a will (with or without a living trust). We mentioned it before, but this is a major detail.
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