A trust made while a person is still alive is a(n):

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A trust made while a person is still alive is commonly known as a living trust, also referred to as an inter vivos trust. This type of trust allows the settlor (the person who creates the trust) to manage their assets during their lifetime and transfer them to their beneficiaries without going through probate. Option B) testamentary trust is a type of trust that is established through a will and goes into effect after the settlor's death. Option C) duty of care trust is not a recognized term in estate planning. Option D) holographic trust is not a commonly used term in estate planning, and holographic will is not a type of trust.

A Trust Made While a Person Is Still Alive Is