An Inter Vivos Trust Immediately Comes into Force on Death

question 58

True/False

An inter vivos trust immediately comes into force on death.

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Definitions:

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Heritability

The proportion of observed variation in a particular trait among individuals of a population that can be attributed to genetic differences.

Phenotypic Variation

Differences in physical and physiological traits among individuals of a species, resulting from genetic expression and environmental influences.

Heritability

A measure of how much of the variation in a trait among individuals within a population can be attributed to genetic differences.