A trust created while the settlor is alive or by will is known as a(n) ________.
A) Actual
B) Express
C) Implied
D) Resulting
E) Congruent

Name: A trust created while the settlor is alive or by will is known as a(n) ________. A) Actual B) Express C) Implied D) Resulting E) Congruent
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Question

Quizplus · Accepted Answer

An express trust is one that is intentionally created by the settlor, either while alive (inter vivos) or by will (testamentary), with clear instructions on how the trust should operate and for what purpose.

A Trust Created While the Settlor Is Alive or by Will