English
Detailed Synonyms for Totten trust in English
Totten trust:
Totten trust [the ~] noun
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the Totten trust
– a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary 1the savings account trust; the savings bank trust; the trust account; the trustee account; the Totten trust– a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary 1