By Esther Carenza ( February 9, 2023, 12:33 PM EST) -- In testamentary trusts, a testator can, in his or her will, leave their property to a beneficiary, known as a “devisee” or legatee, absolutely. The reason for this action is once the testator’s estate has been administered and all debts discharged, the estate will be transferred to the legatee. A testator may wish to leave some or all of his/her property on trust. Graduated rate estate, life benefit, qualified disability and spousal or common-law partner trusts are different types of testamentary trusts. Generally, a testamentary trust is within a will to bequest an inheritance to minor children only to be given to them over the age of majority....