A trust not set up during the trustor's lifetime is called a(n)

Name: A trust not set up during the trustor's lifetime is called a(n)
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A testamentary trust is established through a will after the trustor's death, unlike an inter vivos trust, which is set up during the trustor's lifetime. Life insurance trusts and standby trusts serve different purposes and are not defined by the timing of their creation relative to the trustor's lifetime.

A Trust Not Set Up During the Trustor's Lifetime Is