An Inter Vivos Trust Is Created

question 14

Multiple Choice

An inter vivos trust is created:

• A) While the grantor is no long living
• B) Upon the death or disability of a grantor
• C) By the creation of an irrevocable will document
• D) To take effect while the grantor is still alive

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Definitions:

Mortgages

Loans specifically used for purchasing real estate, where the property itself serves as collateral to secure the loan.

Liabilities and Net Worth

The total of all debts and obligations owed by an entity minus its total assets, portraying the entity's financial health and capital.

Efficient Market Hypothesis

The theory that all available information is already reflected in asset prices, thereby making it impossible to consistently achieve higher returns.

Passive Portfolio Management

An investment strategy that seeks to replicate the performance of a market index, minimizing buying and selling actions.