Examlex
Select the true statement from the following:
Per Stirpes
A legal term referring to the equal distribution of an estate to heirs according to their deceased ancestor's share.
Totten Trust
A form of revocable trust created during the trustee's lifetime where the funds in a bank account are payable on the trustee's death to a named beneficiary.
Holographic Will
A will entirely handwritten and signed by the testator.
Bank Deposit
A bank deposit involves placing money into a banking institution for safekeeping, with the funds typically available for withdrawal at a later date.
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