A provision in a will in which the testator leaves a gift to the trustee of an existing living trust is called a
A) pour-over trust.
B) precatory trust.
C) resulting trust.
D) constructive trust.

Question

Quizplus · Accepted Answer

A pour-over trust is a trust created by a will that "pours" the testator's assets into an existing living trust. This allows the assets to be managed by the trustee of the living trust after the testator's death. Therefore, a provision in a will in which the testator leaves a gift to the trustee of an existing living trust is called a pour-over trust. Precatory trust, resulting trust, and constructive trust are different types of trusts with different legal implications.

A Provision in a Will in Which the Testator Leaves