Mason creates a trust for his son,Newt,the beneficiary,to come into existence on Mason's death.This is

Question

Quizplus · Accepted Answer

A trust that comes into existence only upon the death of the creator is a testamentary trust. A living trust, on the other hand, is created during the lifetime of the creator. A constructive trust and a resulting trust are types of implied trusts that arise by operation of law under specific circumstances.

Mason Creates a Trust for His Son,Newt,the Beneficiary,to Come into Existence