The characteristics of a totten trust include:

Name: The characteristics of a totten trust include:
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A Totten trust, also known as a payable-on-death account, is indeed a form of tentative trust that is characterized by all the mentioned features: it is often a joint bank account opened by the settlor, it is considered tentative because the beneficiary has no entitlement to the funds until the depositor's death, and the transfer of ownership is complete only upon the depositor's death.

The Characteristics of a Totten Trust Include