A Trust That Is Established and Effective During the Settlor's

question 63

Multiple Choice

A trust that is established and effective during the settlor's lifetime is known as a(n) ________ trust.

• A)causa mortis
• B)per capita
• C)per stirpes
• D)inter vivos

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Definitions:

Potential Source

An entity or individual that might serve as an origin or supplier of information, resources, or energy.

Ethical Violation

An act that goes against moral principles or established codes of conduct.

Selective Disclosure

The practice of revealing information to certain individuals or groups while keeping it hidden from others.

Deception

The act of misleading or deceiving others by hiding the truth or presenting false information.