Multiple Choice
A trust that becomes effective during the settlor's lifetime is a(n)
A) precatory trust.
B) express trust.
C) testamentary trust.
D) inter vivos trust.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: No particular words, such as "trust" or
Q21: In an express trust, the intention must
Q22: Property held in trust is called<br>A) the
Q23: A provision in a will in which
Q24: A living trust may be funded or
Q25: Under many state laws, trusts dealing with
Q26: When can an individual act as a
Q27: When a trust is created, the trustee
Q29: A trust in which the trust property
Q30: Parol (oral) trusts dealing with personal property