Which type of trust would you recommend to a healthy person who does not feel it necessary to go through the hassle of transferring all assets into a trust?

Question

Quizplus · Accepted Answer

A standby trust is designed for individuals who do not wish to transfer their assets into a trust immediately. It remains dormant until a specific event, such as the grantor's incapacity or death, activates it, making it a convenient option for someone healthy and looking to avoid the immediate hassle of transferring assets.

Which Type of Trust Would You Recommend to a Healthy