In an inter vivos trust, the settlor transfers legal title of property to a named trustee to hold, administer, and manage for the benefit of named beneficiaries while he or she is alive.

Question

Quizplus · Accepted Answer

This statement accurately describes the characteristics of an inter vivos trust, also known as a living trust. The settlor creates the trust while they are alive and transfers assets to the trustee to manage for the named beneficiaries.

In an Inter Vivos Trust, the Settlor Transfers Legal Title