 Totten Trust
|
Totten Trust
Trust created by deposit of one?s own money in his own name as trustee for another. Title is vested in the record owner (trustee), who during his life, holds it in a revocable trust for the named beneficiary. At the death of the depositor a presumption arises that an absolute trust was created as to the balance on hand at the death of the depositor.
|
Email This Page
Printer Friendly Version
