What is a testamentary account?
A testamentary account is a payable-on-death or a revocable trust account maintained according to the account owner's instruction to pay, at his or her death, the account balance to the named beneficiary.
A testamentary account is a payable-on-death or a revocable trust account maintained according to the account owner's instruction to pay, at his or her death, the account balance to the named beneficiary.
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