Rollo opens an account for $250,000 at Savers Bank. The account provides that the funds are held in trust for Thea, Rollo's daughter. This is

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A living trust is a trust established during a person's lifetime in which they can place assets to be transferred to a designated beneficiary upon their death, without going through probate. In this scenario, Rollo is creating a trust for his daughter Thea while he is still alive, making it a living trust.

Rollo Opens an Account for $250,000 at Savers Bank