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Totten Trust
A form of revocable trust created by depositing funds in a bank account in the depositor's name as trustee for another, transferring the funds to the beneficiary upon the depositor's death.
Irrevocable
Refers to something that cannot be altered, canceled, or taken back once it has been established or issued.
Revokes
The act of officially cancelling or withdrawing an offer, license, right, or law.
Wholly Inconsistent
Completely incompatible or not in harmony with prior acts, statements, or legal precedents.
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Q1032: Reggie works for a health insurance company