A Trust Made When a Settlor Retains Title to Property

question 17

Short Answer

A trust made when a settlor retains title to property and simply declares himself or herself trustee of the property for the benefit of another person
A) active trust
B) inter vivos trust
C) purchase-money resulting trust
D) failed trust
E) excessive endowment trust
F) spendthrift trust
G) sprinkling trust
H) Totten trust
I) declaration of trust
J) irrevocable living trust

• A) active trust
• B) inter vivos trust
• C) purchase-money resulting trust
• D) failed trust
• E) excessive endowment trust
• F) spendthrift trust
• G) sprinkling trust
• H) Totten trust
• I) declaration of trust
• J) irrevocable living trust

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Definitions:

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