A trust in which the settlor transfers the equitable title to the trust property to someone else and retains the legal title is called a(n)
A) testamentary trust.
B) declaration of trust.
C) inter vivos trust.
D) conveyance in trust.

Question

Quizplus · Accepted Answer

A declaration of trust occurs when the settlor declares themselves as holding the property as trustee, effectively separating the legal and equitable interests but retaining the legal title.

A Trust in Which the Settlor Transfers the Equitable Title