A trust can be created during a trustor's lifetime but become effective upon the trustor's death.

Question

Quizplus · Accepted Answer

This is correct. Such a trust is called a revocable living trust or inter vivos trust. While the trustor is alive, they can transfer property into the trust and serve as trustee. Upon their death, the trust becomes effective and the designated successor trustee manages the trust and distributes assets to the beneficiaries.

A Trust Can Be Created During a Trustor's Lifetime but Become