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What Are the Advantages and Disadvantages of a Testamentary Trust in New Jersey? - Christine Matus
From The Matus Law Group - What Are the Advantages and Disadvantages of a Testamentary Trust in New Jersey? explains how this estate planning tool can give families structure and control over an inheritance while carrying its own set of tradeoffs. A testamentary trust can help parents of minor children or beneficiaries with special needs by directing how and when assets are distributed, rather than leaving a lump sum outright. It does not avoid probate, however, and unclear instructions left in a will can create lasting problems once the person who wrote them is no longer there to clarify…
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