A '____________ trust' is a trust created by will.

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Multiple Choice

A '____________ trust' is a trust created by will.

Explanation:
A trust created by a will is called a testamentary trust. It takes effect after the testator dies, with assets passing through the estate or being directed into the trust by the will. This contrasts with a lifetime (inter vivos) trust, which is created and funded during the grantor’s life. The other terms listed aren’t standard ways to describe a trust created by a will, so they don’t fit.

A trust created by a will is called a testamentary trust. It takes effect after the testator dies, with assets passing through the estate or being directed into the trust by the will. This contrasts with a lifetime (inter vivos) trust, which is created and funded during the grantor’s life. The other terms listed aren’t standard ways to describe a trust created by a will, so they don’t fit.

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