The Characteristics of a Totten Trust Include

question 10

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 the above.

---

Definitions:

Rule Of Law

The principle that all members of a society, including those in government, are equally subject to publicly disclosed legal codes and processes.

Rule Of Custom

A principle where social norms and behaviors are guided by longstanding traditions and customs rather than codified laws.

Overt Coercion

The use of clear and open force or pressure to make someone do something against their will.

Chiefdom

A form of hierarchical political organization in pre-industrial societies ruled by a chief who typically inherits their status.