Asked by Kalindi Schneider on Jun 14, 2024
Verified
A trust that is established and effective during the settlor's lifetime is known as a(n) ________ trust.
A) causa mortis
B) per capita
C) per stirpes
D) inter vivos
Inter Vivos
A transaction between living persons.
Causa Mortis
A legal term referring to the transfer of property made by an individual in anticipation of imminent death.
Per Stirpes
A legal term referring to the equal distribution of an estate to heirs according to their deceased ancestor's share.
- Identify the distinctions between testamentary and inter vivos trusts, focusing on how they are established and their intended purposes.
Verified Answer
LT
Leana ToiracJun 17, 2024
Final Answer :
D
Explanation :
An inter vivos trust is made during a settlor's lifetime.
Learning Objectives
- Identify the distinctions between testamentary and inter vivos trusts, focusing on how they are established and their intended purposes.
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