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A testamentary trust is created through the decedent's will and comes into existence at death. Assets must still pass through probate before the trust is funded and money is given to beneficiaries.

Many people don't know where to begin when it comes to developing their estate plan. It's never too early to begin planning. We've broken down the basic ABCs to help create a plan that will ensure your wishes are met.

We live in extremely uncertain times. These are a few of the initiatives you can take now to start managing your estate and protect yourself and your loved ones.