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Totten trust vs trust account

trust account vs Totten trust

Totten trust and trust account both are nouns.

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

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