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24-09-2019
Social Studies

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In order to travel extensively and not worry about handling her affairs, Lee transfers most of her assets into a trust, with her bank serving as trustee. She has created a(n) ________ trust.

Respuesta :

26-09-2019

Answer:

inter vivos

Explanation:

Inter vivos involves the transfer of a persons's assets and property under subject of trust. It is made during lifetime of the person or mean that when the person is alive. These trusts may be irrevocable or revocable.

Lee transferring most of the assets that she had into the trust means that she has created an inter vivos trust.

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