A Totten trust provides for a beneficiary's transfer of his or her right to future payments of trust funds.

Name: A Totten trust provides for a beneficiary's transfer of his or her right to future payments of trust funds.
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A Totten trust is a form of payable-on-death account where the account holder retains control over the funds during their lifetime, and the funds are transferred to the beneficiary upon the account holder's death, not future payments.

A Totten Trust Provides for a Beneficiary's Transfer of His