A trust that is established in a person's will and that takes effect only upon that person's death is called a(n) :

A) inter vivos trust.
B) spendthrift trust.
C) Totten trust.
D) testamentary trust.

Testamentary Trust

A trust that is created by a will and comes into effect upon the death of the person who created the will, distributing assets according to the will's provisions.

Inter Vivos Trust

A trust created during the lifetime of the grantor, allowing for the management and distribution of assets before death.

Spendthrift Trust

A legal arrangement that restricts the beneficiary's ability to access the trust capital directly, thus protecting the trust assets from creditors.