What is the difference between a testamentary trust and an inter vivos trust? Choose the correct. a. A testamentary trust conveys money to a charity; an inter vivos trust conveys money to individuals....

What is the difference between a testamentary trust and an inter vivos trust? Choose the correct.
a. A testamentary trust conveys money to a charity; an inter vivos trust conveys money to individuals.
b. A testamentary trust is created by a will; an inter vivos trust is created by a living individual.                                          c. A testamentary trust conveys income to one party and the principal to another; an inter vivos trust conveys all monies to the same party.                 d. A testamentary trust ceases after a specified period of time; an inter vivos trust is assumed to be permanent.