Examlex
Which of the following reflexes is permanent?
Testamentary Trust
A trust that is created by will and therefore does not take effect until the death of the testator.
Constructive Trust
A legal remedy imposed by a court to address wrongdoing or unjust enrichment, creating a fiduciary relationship where the trustee must hold property for the benefit of the beneficiary.
Living Trust
A legal document that places assets into a trust for the grantor's benefit during their lifetime and specifies how to distribute remaining assets after the grantor's death.
Resulting Trust
A trust formed by implication of law when property is transferred under circumstances suggesting the transferor does not intend the transferee to have beneficial interest in the property.
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