Which term describes a trust created by a will?

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Multiple Choice

Which term describes a trust created by a will?

Explanation:
A testamentary trust is the type created by a will. It takes effect only after the person dies, when the will is probated and assets are directed into the trust for beneficiaries under its terms. This contrasts with an inter vivos (living) trust, which is created and funded during the grantor’s lifetime. The other options don’t fit because they describe concepts that don’t specifically refer to a trust established by a will.

A testamentary trust is the type created by a will. It takes effect only after the person dies, when the will is probated and assets are directed into the trust for beneficiaries under its terms. This contrasts with an inter vivos (living) trust, which is created and funded during the grantor’s lifetime. The other options don’t fit because they describe concepts that don’t specifically refer to a trust established by a will.

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