Examlex
Which of the following statements is correct?
Major Decisions
Significant rulings or conclusions made by an authoritative body or individual that have a considerable impact.
Inter Vivos Trust
A trust created by the grantor, settlor, and effective during the grantor’s lifetime – that is, a trust not established by a will.
Grantor
An individual or entity that creates a trust, transferring ownership of assets to the trust.
Beneficiary
A person or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.
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