A trust created by a will that comes into existence on the settlor's death is called which of the following?

A) Spendthrift trust
B) Inter vivos trust
C) Testamentary trust
D) Totten trust

Testamentary Trust

A trust created by a will that becomes effective upon the death of the person who created it.

Settlor's Death

The event of the death of an individual who has established a trust, potentially triggering changes in the management or distribution of the trust's assets.

Spendthrift Trust

A type of trust that is created to prevent the beneficiary's assets from being squandered or from being claimed by creditors by providing restricted access to the trust assets.