A Trust Created by the Grantor (Settlor) and Effective During

question 17

Multiple Choice

A trust created by the grantor (settlor) and effective during the grantor's lifetime-that is, a trust not established by a will-is called a(n) _____ trust.

• A) inter vivos
• B) testamentary
• C) charitable
• D) spendthrift

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Definitions:

Reallocating resources

The process of distributing or redirecting assets, money, or personnel to different areas or projects to improve efficiency or outcomes.

Service improvements

Initiatives aimed at enhancing the quality, efficiency, and effectiveness of services provided by an organization.

Importance

The quality of being of great significance or value.

Legislative casework

The assistance provided by members of legislative bodies to their constituents, often involving navigating governmental processes or addressing grievances.