The Characteristics of a Totten Trust Include

question 64

Multiple Choice

The characteristics of a totten trust include:

• A) it is a joint bank account opened by the settlor of the trust.
• B) it is tentative.
• C) transfer of ownership is complete only on the depositor's death.
• D) All of these.

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Definitions:

Protein Kinase C

An enzyme that modifies other proteins through the chemical addition of phosphate groups, playing a key role in several signal transduction pathways.

DAG

Diacylglycerol, a type of molecule that functions as a secondary messenger in the transmission of cellular signals.

Calcium Ions

Positively charged calcium particles (Ca2+) that play key roles in various physiological and biochemical processes in living organisms, including muscle contraction and neurotransmitter release.

Phospholipase C

An enzyme that catalyzes the hydrolysis of phospholipids into diacylglycerol and inositol triphosphate, playing an important role in cell signaling.