A totten trust may also be referred to as a savings account trust.

Name: A totten trust may also be referred to as a savings account trust.
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A Totten trust, also known as a payable-on-death account, is often referred to as a savings account trust because it is a form of trust account opened by an individual who intends the funds in the account to pass directly to a designated beneficiary upon the account holder's death, bypassing probate.

A Totten Trust May Also Be Referred to as a Savings