Totten trust
ریشه و کاربرد
ریشه
Named after the case 'Matter of Totten' in 1904, where the concept was first recognized.
مثال
- He set up a Totten trust for his children.
- The Totten trust allowed her to avoid probate.
- The bank manages the Totten trust.
ترکیبهای رایج
Set up a Totten trust Manage a Totten trust Revoke a Totten trust
تعریف انگلیسی
noun
- 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