Trusts are used to transfer assets from an estate. The contractual nature of a trust and may federal estate tax. An attorney who practices draft the trust in order to ensure that all of the benefits of establishing a trust are realized. probating its assets upon the death of the taw should be hired to Rebecca and Maris both created trusts but used different approaches: Rebecca Rebecca created a trust that goes into effect as soon as the papers are signed. Rebecca has the right to change the trustee, the beneficiary, and other terms What kind of trust did Rebecca most likely create? A testamentary trust An irrevocable living trust An irrevocable charitable remainder trust A revocable living trust Maria Maria has a very nice nest egg and intends to provide for her grandchildren's higher educations. Maria is getting older and wants to make sure that it her mental capacities start to slip that she can't be persuaded to change the trust and redirect the money elsewhere Maria created a trust to ensure that her intentions are carried out. What kind of trust did Maria most likely create? A testamentary trust O An irrevocable charitable remainder trust B A revocable living trust An irrevocable living trust Chrissie and Edna both created trusts but used different approaches: Chrissie Chrissie created a trust with assets that will go to charity upon her death. Chrissie cannot change the terms of the trust but enjoys the income tax write-off for a charitable contribution: What kind of trust did Chrissie most likely create? O A revocable living trust An irrevocable charitable remainder trust An irrevocable living trust D A testamentary trust Edna Edna and her husband just retired. They intend to travel frequently and enjoy their retirement without counting their pennies like they had to for many years. They created trusts for their minor grandchildren to be funded with any money left over, but not until after they die. Edna Edna and her husband just retired. They intend to travel frequently and enjoy their retirement without counting their pennies like they had to for many years. They created trusts for their minor grandchildren to be funded with any money left over, but not until after they die What kind of trust did Edna most likely create? A testamentary trust An irrevocable charitable remainder trust O A revocable living trust O An irrevocable living trust