In order to travel extensively and not worry about handling her affairs,Lee transfers most of her assets into a trust,with her bank serving as trustee.She has created ________ trust.

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An inter vivos trust, also known as a living trust, is created during the grantor's lifetime and can be used to transfer assets while the grantor is still alive. This type of trust allows the grantor to retain control over their assets while also ensuring that they are managed and distributed according to their wishes. It is commonly used for estate planning purposes and can help to avoid probate and reduce estate taxes. In this case, Lee has transferred most of her assets into a trust, indicating that it is an inter vivos trust.

In Order to Travel Extensively and Not Worry About Handling