Definitions from Wiktionary (Totten trust)
▸ noun: (law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary.
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▸ noun: (law) A form of trust created where one party (the settlor of the trust) places money in a bank account or security with instructions that, upon the settlor's death, whatever is in that account will pass to a named beneficiary.
Similar:
savings account trust,
savings bank trust,
trust account,
trustee account,
trust,
trust fund,
bare trust,
trustee,
unitrust,
spendthrift trust,
more...
Opposite:
Types:
▸ Words similar to Totten trust
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▸ Invented words related to Totten trust