This is a charitable trust agreement prepared and written during life and fully funded at death. The donor states in their will what portion ($100,000 or more) of their assets are to "pour over" into the trust that would provide income to beneficiaries for life or for one to twenty years. Since wills are subject to change, the testator may alter his/her agreement if the need arises, making this a revocable arrangement. This is excellent for those who want to maintain full ownership during their lifetime, or until a later date, and desire to make a meaningful distribution, both to family beneficiaries and the Lutheran charities of their choosing. The ELCA Foundation manages two types of testamentary trusts: The Testamentary Unitrust and the Testatmentary Annuity Trust.