What is the term for a trust created by the court that has no settlors?Multiple choice question.Express trustAmbulatory trustImplied trustInter vivos trust
Question
What is the term for a trust created by the court that has no settlors?Multiple choice question.Express trustAmbulatory trustImplied trustInter vivos trust
Solution
The term for a trust created by the court that has no settlors is an Implied trust. This type of trust is not created by a specific, explicit act of a settlor (the person who creates the trust), but is instead established by the court based on the circumstances, in order to ensure fairness or to fulfill the presumed intent of the parties involved.
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