A Totten Trust Involves a Bank Account Opened by the Settlor

question 4

True/False

A totten trust involves a bank account opened by the settlor of the trust.

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Definitions:

Constitution

The supreme law of a country, outlining the framework for its governance and the fundamental principles and rights that protect its citizens.

Liberties

The state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views.

Government Structure

The organized framework through which a government operates, including its branches, departments, and agencies.

Plaintiff

The party who initiates a lawsuit in civil court, claiming to have incurred loss or damages due to the defendant's actions.