dieter opens an account for $100,000 at east state bank. the account provides that its funds, which represent most of dieter's assets, are held in trust for flo, the bank employee who opens the account and who retains the card required to access it. less than a year later, dieter dies, and flo withdraws the funds. these facts indicate a living trust. a nuncupative will. descent by election. undue influence.

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09-12-2022
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dieter opens an account for $100,000 at east state bank. the account provides that its funds, which represent most of dieter's assets, are held in trust for flo, the bank employee who opens the account and who retains the card required to access it. less than a year later, dieter dies, and flo withdraws the funds. these facts indicate a living trust. a nuncupative will. descent by election. undue influence.

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tutorconsortium639 tutorconsortium639 · Answer 1 · 2022-12-14T09:19:27+01:00

An irrevocable trust's grantor establishes the trust to bank and gives it money or other assets. The grantor, however, is unable to change or revoke the trust.

What does the term "bank" mean?

a bank is a company that offers financial services and deals with currency and its alternatives. By taking deposits and extending loans, a bank acts as a middleman in the economy.

What was a bank's straightforward reply?

A bank is a type of institution that is authorized to accept contributions for checking and savings accounts as well as to make loans. International exchange, CDs, security deposit boxes, and autonomous pension plans are a few of the additional services that banks offer.

To know more about bank visit:

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