What is another word for Totten trust?

Synonyms for Totten trust
tot·ten trust

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Wiktionary0.0 / 0 votes

  1. Totten trustnoun

    Synonyms:
    tentative trust, Payable on Death account, poor mans will

  2. Totten trustnoun

    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.

    Synonyms:
    Payable on Death account, poor mans will, tentative trust

Princeton's WordNet0.0 / 0 votes

  1. savings account trust, savings bank trust, trust account, trustee account, Totten trustnoun

    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

    Synonyms:
    trust account, savings account trust, trustee account, savings bank trust

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"Totten trust." Synonyms.com. STANDS4 LLC, 2024. Web. 20 Jul 2024. <https://www.synonyms.com/synonym/Totten+trust>.

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