Totten trust
English Dictionary
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Totten trust Definition
(n)
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
Totten trust Synonyms
savings account trust
savings bank trust
Totten trust
trust account
trustee account
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