If you are looking for a cheap and convenient way to create a trust to distribute your assets, a testamentary trust will may be the right choice for you. While it is not a stand-alone trust, a testamentary trust will has many of the same abilities as a revocable living trust but is easier and cheaper to create. When the testator creates the will they designate a trustee just like they would if they were creating a trust. They are also able to decide how much control the trustee has over the trust after their death. One drawback when compared to a trust is that a testamentary will is still subject to probate. Overall, a testamentary trust will is a convenient way to create both a will and a trust without losing significant advantages of either.

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