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What is a testamentary discretionary trust?

April 26, 2017Discretionary Testamentary Trust

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What is a testamentary discretionary trust?

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A testamentary discretionary trust (TDT) is a trust established in someone’s will. It comes into existence only when the person dies. A lineal descendant TDT is a trust established in someone’s will for the benefit of their lineal descendants. A will can establish more than one TDT.