Asked by la douce Fleur on Jun 23, 2024
Verified
A trust that is created by a will is called a(n) :
A) conveyance in trust.
B) declaration of trust.
C) intervivos trust.
D) testamentary trust.
Testamentary Trust
A trust that is created by a will.
Conveyance in Trust
A legal arrangement where property is transferred to a trustee for the benefit of another party, often used in estate planning and asset protection.
Intervivos Trust
A trust created during the lifetime of the settlor, allowing the settlor to transfer assets before their death for the benefit of designated beneficiaries.
- Examine the role and regulations of different types of trusts within estate planning.
Verified Answer
SF
Seira FerreyraJun 28, 2024
Final Answer :
D
Explanation :
A trust that is created by a will is called a testamentary trust.
Learning Objectives
- Examine the role and regulations of different types of trusts within estate planning.