A ________ is created when a person deposits money in a bank account in his or her own name and holds it as a trustee for the benefit of another person.

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This type of trust is known as a Totten trust or a bank account trust. It is a type of revocable trust where the depositor (trustee) holds the funds in the account for the benefit of a named beneficiary. Upon the depositor's death, the account passes to the beneficiary outside of probate.

A ________ Is Created When a Person Deposits Money in a Bank