In which of the following do you no longer own the assets of the trust?

Question

Quizplus · Accepted Answer

In an irrevocable inter vivos trust, the assets that are placed into the trust are no longer owned by the individual who created the trust. This is different from a revocable inter vivos trust, where the individual retains ownership and control of the assets. An alter ego trust and a charitable trust may be either revocable or irrevocable, depending on the specific terms of the trust agreement.

In Which of the Following Do You No Longer Own