Alabama Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Master your Alabama real estate exam with our comprehensive practice test. Tailored feedback, expert tips, and up-to-date questions to ensure your success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

When is a Living Trust, or Inter Vivos, established?

After the trustor's death
During the trustor's lifetime
Only upon marriage
When the beneficiary turns 18

The correct answer is: During the trustor's lifetime

Living trusts, or inter vivos trusts, are established during the trustor's lifetime. This allows the trustor to transfer assets into the trust and have control over those assets until they pass away. Option A is incorrect because a trust established after the trustor's death is a testamentary trust, not a living trust. Option C is incorrect because marriage does not have any impact on the establishment of a living trust. Option D is incorrect because the beneficiary's age does not determine when a living trust is established.