Word Pronunciation & Dictionary

totten trust

Word Rarity Very rare

Frequency: Zipf frequency 2.38 in modern English

Syllables: tot-ten trust
IPA

11

Scrabble Score

11

Letters

2

Syllables

7

Unique Chars

Meaning

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.

Etymology

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.

Inflected Forms

Totten trusts (plural)

Synonyms

Payable on Death account poor man's will tentative trust savings account trust savings bank trust trust account trustee account

Questions

What does totten trust mean?: 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.
Where does totten trust come from?: 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.

How to pronounce totten trust

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