Trust under will is a term referred to:

Question

Quizplus · Accepted Answer

Trust under will is also known as Testamentary trust, which only takes effect after the death of the person creating the trust, through their will. Living trusts (A) are created and take effect during the lifetime of the grantor. Revocable trusts (C) can be amended or revoked by the grantor during their lifetime, and do not require probate upon the grantor's death, but they are not specifically referred to as "trust under will." Therefore, the correct choice is B, Testamentary trust.

Trust Under Will Is a Term Referred To