A Trust Created by Will and Effective After the Death

question 39

Multiple Choice

A trust created by will and effective after the death of a testator is called a(n) :

• A) charitable trust.
• B) cy pres trust.
• C) inter vivos trust.
• D) testamentary trust.

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Definitions:

exFAT

A file system type that improves upon FAT32 by having a theoretical maximum file size of 16 EB, maximum volume size of 64 ZB (but 512 TB is the current limit), smaller cluster sizes than FAT32, and an increased number of files allowed in a directory. Created for external storage media such as flash drives and hard drives for saving images/video.

FAT32

A file system that supports hard drives up to 2 TB in size.

SATA

Serial ATA, an interface used to connect ATA hard drives to a computer's motherboard, offering improvements over the older Parallel ATA (PATA) standard, including faster data transfer rates.

PATA

Parallel ATA, an earlier standard for connecting storage devices like hard drives and optical drives to a computer's motherboard.