If you are drawing up your will and want to leave money to a minor child, using a testamentary trust is one way to do so. This legal document can also be beneficial in other situations, such as if you ...

A will only won't secure your legacy. It's just one estate planning document of many. Learn which ones matter most, how they ...

When planning your estate, you should understand different trust options available, such as testamentary trusts and living ...

A recent Arkansas Court of Appeals ruling indicates that courts may be unwilling to enforce arbitration provisions set forth in testamentary documents where a beneficiary challenges the validity of ...

Q: Our will creates a trust for our grandchildren. We tried to set up a bank account but the bank said they needed a trust agreement, not a will. Can’t a will set up a trust? Why won’t the bank accept ...

While you may love your son-in-law or daughter-in-law, you may not necessarily want to pass your assets to them that your child inherited from you but then subsequently died. Many people have ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...