Totten trust (English, noun)
expansion: Totten trust (plural Totten trusts)
Senses:
topics: law
glosses: 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.
Forms:
form: Totten trusts
tags: plural