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

Question

Quizplus · Accepted Answer

An inter vivos trust, also known as a living trust, is created during the grantor's lifetime to hold assets for the benefit of themselves and/or their beneficiaries. This distinguishes it from a testamentary trust, which is created through a will and only takes effect upon the death of the grantor. Therefore, choice D is the correct answer.

An Inter Vivos Trust Is Created