What is the meaning of totten trust?

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.
- synonyms: savings account trust, savings bank trust, trust account, trustee account

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APA	WordNet. (2010). Totten trust. Retrieved September 22, 2026, from http://smartdefine.org/totten_trust/definitions/1316751
Chicago	WordNet. 2010. "Totten trust" http://smartdefine.org/totten_trust/definitions/1316751 (accessed September 22, 2026).
Harvard	WordNet 2010, Totten trust, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/totten_trust/definitions/1316751>.
MLA	WordNet. "Totten trust" 23 October 2010. Web. 22 September 2026. <http://smartdefine.org/totten_trust/definitions/1316751>

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