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6. Match the term with the correct definition. Inter vivos trust A trust designed for the benefit of a specific, but potentially unidentified, population of
6. Match the term with the correct definition. Inter vivos trust A trust designed for the benefit of a specific, but potentially unidentified, population of the public or for the public in general Testamentary trust A trust executed by a settlor during his or her lifetime, which may be revocable or irrevocable Charitable trust A trust created to provide for the maintenance of a beneficiary by allowing her or him to receive only a certain portion of the total amount at any one time Spendthrift trust A trust created by will and which comes into existence upon the death of the settlor 14. If a person becomes incapacitated without a durable power of attorney, a Select will need to appoint a conservator to handle the affairs of that person. Select court relative 15. Another name for a living will is: a. an advanced health directive. spouse O b. a certified will. O c. a spendthrift trust. O d. a residuary clause
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