Word.ws English Dictionary

Totten trust

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 settlor's death, whatever is in that account will pass to a named beneficiary.

Noun

Totten trust (plural Totten trusts)

  1. 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 man's will, tentative trust

Synonyms of Totten trust

  • Payable on Death account
  • poor man's will
  • tentative trust

Forms of Totten trust

pluralTotten trusts

Origin of Totten trust

Derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the Court of Appeals of New York which established the legality of this practice.

Questions about Totten trust

What does Totten trust mean?
Totten trust means 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.
What part of speech is Totten trust?
Totten trust is a noun.
What is the plural of Totten trust?
The plural of Totten trust is Totten trusts.

Words near Totten trust in the dictionary

  1. TOTSO
  2. tottari
  3. totted
  4. totted up
  5. Totten
  6. Totten trust
  7. Totten trusts
  8. Tottenham
  9. Tottenham Hale
  10. Tottenham pudding
  11. Tottenham puddings

Source and license

Adapted from Wiktionary: Totten trust (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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