Delaware Testamentary Trust Attorneys
Testamentary Trust Lawyers In Delaware
A trust that is established once the testator dies, and which is specified in that persons will, is called a testamentary trust. A will may contain one, or multiple, testamentary trusts. These trusts may also address different portions of the estate. If you have questions regarding setting up a testamentary trust you should speak with a Delaware Testamentary Trust Lawyer.
Call the Delaware Testamentary Trust Attorneys at Carucci Di Lorezo by dialing 302-654-5083. You can also click here to email a Delaware Trust Lawyer at Carucci Di Lorenzo. At Carucci Di Lorenzo our attorneys have an in depth working knowledge of Delaware Trust Law. We will do everything to effectively handle the estate planning needs of you and your loved ones.
Testamentary Trusts In Delaware
Testamentary trusts typically involve four parties:
1. The person who specifies the trust be created. They are referred to as the grantor, or trustor.
2. The person whose responsibility it is to carry out the terms of the will. This person is the trustee.
3. The person who will receive the trust benefits. This person is referred to as the beneficiary.
4. The probate court as they oversee the administering of the trust b the trustee.
Testamentary trusts are legal entities established to address any estate, assets or wealth accumulated during the trustor’s lifetime. It also addresses estate matters associated with the death of the trustor such as a wrongful death lawsuit or proceeds from a life insurance policy. Beneficiaries in testamentary trusts are commonly young children whose parents die unexpectedly.
Contact A Delaware Testamentary Trust Law Office
Contact Carucci Di Lorenzo, LLC to discuss your estate planning needs. Our Wilmington, Delaware law office can be contacted at 302-654-5083. You can also click here to email a Wilmington Delaware Trust Attorney. The Delaware lawyers at Carucci Di Lorenzo are very familiar with all areas of Delaware Estate Planning and Estate Administration Law. We proudly serve those with estate planning need throughout all of Delaware.
