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What is the difference between an Intervivos Trust and a Testamentary Trust?

April 26, 2017intervivos Testamentary Trust

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What is the difference between an Intervivos Trust and a Testamentary Trust?

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An Intervivos Trust is created and takes effect during the lifetime of the Grantor. A Testamentary Trust is created to take effect and receive assets after the death of the Grantor. A Testamentary Trust is generally created as part of the Grantor’s Last Will and Testament.