A standard family trust is all of the following, except

Name: A standard family trust is all of the following, except
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Question

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A standard family trust can indeed be established for children in a family (A), can be created by wills (B), and is often used to minimize taxes (C). However, it is not necessarily a living trust (D), as it can be established through a will after someone's death, making it a testamentary trust rather than a living (inter vivos) trust.

A Standard Family Trust Is All of the Following, Except