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Totten trust vs savings account trust

savings account trust vs Totten trust

Totten trust and savings account trust both are nouns.

Word NounAdjectiveVerbAdverb
Totten trust Yes No No No
savings account trust Yes No No No
As nouns, Totten trust and savings account trust are synonyms defined as:
  • Totten trust and savings account 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
Other synonyms of Totten trust include savings bank trust, trust account, trustee account.
Totten trust (noun) savings account trust (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 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
Difference between Totten trust and savings account trust

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