In which type of trust is each beneficiary identified and given an equal share in the trust?

Question

Quizplus · Accepted Answer

This type of trust is called a fixed trust. In a fixed trust, each beneficiary is identified and given an equal share in the trust. An implied trust is one that is created by implication of law or circumstances rather than by express declaration. A specific trust is one that is created for a specific purpose or objective. A resulting trust is one that arises when the intent of the parties to create a trust is not clear, and the court will impose a trust in order to give effect to the parties' intentions.

In Which Type of Trust Is Each Beneficiary Identified and Given