That’s because living trusts are not only created outside probate but managed outside the court system as well. Meanwhile, testamentary trusts are administered through probate for as long as ...
Unlike a living trust, which is a separate document immediately effective the moment you sign it, a testamentary trust goes into effect only once your will is admitted to probate. In addition ...
The probate court (the state-run agency that handles inheritance) will issue letters testamentary or letters of administration, both of which give the recipient the authority to act on behalf of ...