Which of the following is a similarity between a living trust and an inter vivos trust?

Question

Quizplus · Accepted Answer

Both a living trust and an inter vivos trust are created while the settlor is still alive. They differ in that a living trust is a type of inter vivos trust that is used to manage assets during the settlor's lifetime, while an inter vivos trust can be created for various purposes such as gifting or charitable giving. Neither of them are subject to probate, and beneficiaries do not need to be present during the creation of the trust. Option D is incorrect, as both types of trusts may be affected by changes resulting from operations of law.

Which of the Following Is a Similarity Between a Living