Cartoon Guy Holding Stack Of Books


ABC Blocks

A bank account that’s held in trust for a beneficiary, who inherits any money in the account when the account holder dies. probate proceedings are not necessary to transfer the money. a totten trust works just like a payable-on-death bank account.

Was This Term Helpful?

0 out of 0 found this helpful

Still got a question or concern?

Click here to contact us or go back to the main Glossary page.