Examlex
Which of the following are transaction deposits?
Probate
The legal process through which a deceased person's will is validated, and their assets are distributed under the supervision of a court.
Resided
Generally means to live in a particular place, but in a financing context, it is NO.
Trustor
An individual or entity that creates a trust by transferring assets to a trustee, who manages the assets for the benefit of a third party, the beneficiary.
Fiduciary
A person or organization that acts on behalf of another individual or individuals, managing assets for their benefit with a duty to act in their best interest.
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