https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/TestamentaryTrust
trust established in accordance with the instructions contained in a last will and testament
Instances of fibo-be-tr-tr:TestamentaryTrust can have the following properties:
| PROPERTY | TYPE | DESCRIPTION | RANGE |
|---|
@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix fibo-be-tr-tr: <https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .
fibo-be-tr-tr:TestamentaryTrust a owl:Class ;
rdfs:label "testamentary trust" ;
rdfs:isDefinedBy fibo-be-tr-tr: ;
rdfs:subClassOf fibo-be-tr-tr:IrrevocableTrust ;
skos:definition "trust established in accordance with the instructions contained in a last will and testament" ;
cmns-av:explanatoryNote "A will could have more than one testamentary trust. The trustee named is responsible for managing and distributing the trustor's assets to the beneficiaries as directed in the will. Sometimes called a will trust, the testamentary trust is irrevocable." .