The _____ trust is a tentative trust created when someone deposits funds in a bank as trustee for another person as beneficiary.

Question

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A Totten trust, also known as a "payable-on-death" (POD) account, is a type of tentative trust created when someone deposits funds in a bank as trustee for another person as beneficiary. The trustee has a legal right to access the funds during their lifetime but the beneficiary receives the funds after the trustee's death.

The _____ Trust Is a Tentative Trust Created When Someone