A property trust will, also known as a trust will or a testamentary trust will, is a type of will that includes provisions to establish one or more trusts upon the death of the testator (the person making the will). These trusts are typically created to hold and manage specific assets, such as property or financial investments, for the benefit of designated beneficiaries.
In a property trust will, the testator can specify detailed instructions regarding the management and distribution of the assets held in the trust, including conditions for distribution, the appointment of trustees to oversee the trust, and the selection of beneficiaries who will benefit from the trust's assets.
Property trust wills are often used in estate planning to provide for beneficiaries who may not be capable of managing significant assets on their own, such as minor children or individuals with disabilities. By establishing trusts within the will, the testator can ensure that their assets are managed and distributed according to their wishes and in a manner that best protects the interests of their beneficiaries.