At what point is an inter vivos trust considered to be funded?
Homework Answers
An inter vivos trust is a trust created when the grantor is still alive. It's more popularly known as "Living Trust".
An inter vivo trust is considered to be funded when the grantor transfers the ownership of the assets from himself to the trust. This is achieved by
- physically transferring the titles of the assets in the name of the trust.
- Changing his beneficiary position in favour of the trust.
at what point is an inter vivos trust considered to be funded
at what point is an inter vivos trust considered to be funded
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death deposits instructions lifetime public a. Living (Inter Vivos) Trust-A trust executed by a grantor during his or her . A living trust may be revocable or irrevocable. b. Testamentary Trust-A trust created by will and coming into existence on the _ of the grantor. C. Charitable Trust-A trust designed for the benefit of a segment of the or the public in general. d. Spendthrift Trust-A trust created to provide for the maintenance of a beneficiary by allowing her or...
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