A Testamentary Trust Is Created While the Settlor Is Still

question 84

True/False

A testamentary trust is created while the settlor is still alive.

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Definitions:

Lewis Structure

A diagram that represents the valence electrons of atoms within a molecule, showing how these electrons are arranged around atoms and indicating the bonds between them.

Ionic

Relating to, composed of, or using ions, which are atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Covalent

A type of chemical bond where atoms share pairs of electrons.

Hydrogen Chloride

A gaseous compound made of hydrogen and chlorine; when dissolved in water, it forms hydrochloric acid.