n. a trust created by a writing (declaration of trust) which commences at that time, while the creator (called a trustor or settlor) is alive, sometimes called a "living trust." The property is then placed in trust with a trustee (often the trustor during his/her lifetime) and distribution will take place according to the terms of the trust-possibl...
Another name for living trust.
A trust created between living persons. Antithesis of a testamentary trust.
It is refered to as a living trust which is formed and existing already when the person/trustor is living. It is different from the trust created by the will as in that the trust is created after the trustor has died and as per his will.
Variant of linear programming in which the solution values must be integers.
See living trust.