What is the difference between a living trust and a testamentary trust
How is a living trust different from a testamentary trust? What is a testamentary trust? A testamentary trust is sometimes called a will trust , or a trust under will. The terms of the trust are amendable and revocable, in that they can be changed at any time, which. Investopedia’s recent article entitled “Inter Vivos Trust vs. Living trusts that are. Choosing between two things can be almost impossible. Knowing more about your choices can make the decision a little easier. For example, a woman named Clarice B. She had heard of different types of trusts but did not know the difference between a testamentary trust and a living trust. On behalf of Law Office of Barbara J. All trusts are either testamentary or inter vivos. The best way to describe the difference is to put them in context of a real-life situation. A trust created while an individual is still alive is an inter vivos trust , while one established upon the death of the individual is a testamentary t...