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trustee account vs Totten trust

Totten trust vs trustee account

trustee account and Totten trust both are nouns.

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

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