- Totten trust
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/tot"n/, Law.a trust created by opening a savings account in which the depositor is trustee for another, such trust being revocable at any time during the depositor's lifetime.
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Universalium. 2010.
Totten trust
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Totten trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. Totten trust … Law dictionary
Totten trust — A Totten trust (also referred to as a Payable on Death account) is 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… … Wikipedia
Totten trust — noun 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 • Syn: ↑savings account trust, ↑savings … Useful english dictionary
Totten trust — noun 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 settlors death, whatever is in that account will pass to a named beneficiary. Syn: Payable on Death … Wiktionary
Totten Trust — A trust created by a bank deposit made by one person of his own money in his own name as trustee for another, such being a tentative trust merely, revocable at will, until the depositor dies or completes the gift in his lifetime by some… … Ballentine's law dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
Totten — may refer to:* Alex Totten, Scottish football player and manager * Charles Adelle Lewis Totten, (1851–1908), an American military officer, a professor of military tactics, a prolific writer, and an influential early advocate of British Israelism… … Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
trust account — noun 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 • Syn: ↑savings account trust, ↑savings … Useful english dictionary
Discretionary trust — Wills, trusts and estates … Wikipedia
