Montana State University Extension has released a new MontGuide fact sheet discussing testamentary trusts.

According to Marsha Goetting, MSU Extension family economics specialist, a person can create a testamentary trust in a written will. A testamentary trust is one that is established according to the instructions contained in a last will and testament. The will maker names a trustee to manage the assets on behalf of the beneficiaries, adds co-author, Edwin Eck, Professor Emeritus in the Alexander Blewett III School of Law at the University of Montana.

"A person can change the terms of th...