In order for a trust to become effective, it is not necessary to have

Name: In order for a trust to become effective, it is not necessary to have
Brand: Quizplus
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Question

Quizplus · Accepted Answer

For a trust to become effective, it is not necessary to have a living donor. Trusts can be established through a will by a donor who has passed away, making the trust effective upon the donor's death. Beneficiaries, a trustee, and a transfer of property are essential elements for a trust to be valid.

In Order for a Trust to Become Effective, It Is