Question

A ------ is used when the owner is still alive. living trust or trust

Answer 1

A living trust

Step-by-step explanation:

If you're doing Calvert, the answer is living trust. The reason it is called a 'living trust' is pretty self explanitory as it is a trust that is used while you are still living. It is not just 'trust'

Answer 2

Answer: Trust

Step-by-step explanation:

The trust is the type of legal document that are drawn up before the person's death. The actual owner of the trust may put any type of resources in given trust while the owner is alive.

They can also utilize the trust for dictating that the various types of benefits that are handle before and also after the death of the owner. The owner name of the trust is the successor trustee to regulate that trust after the owner passing.