Answer the following statements true (T) or false (F)
1. Trusts may be “testamentary” or “inter vivos.”
2. Two types of inter vivos trusts are pourover and non-pourover.
3. A “pourover will” is created when a provision in the will states that the testator leaves the residuary of his estate to the trustee of a living trust.
4. One valid reason for a trust to be terminated is that the beneficiaries agree that the trust's purpose does not require the continuation of the trust.
5. Trusts should indicate when they will terminate.
1. T
2. F
3. T
4. T
5. T
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