Totten Trust: A bank account with a named death beneficiary. Upon the death of the named holder of the account, the money transfers automatically to the beneficiary. Also referred to as P.O.D., (payable on death accounts).
TOTTEN TRUST: A bank account in your name for which you name a beneficiary. Upon the death of the named holder of the account the money transfers automatically to the beneficiary.
Totten trust
Another term for a payable-on-death bank account.
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Totten trust
Other common law areas
Contract Â- Tort Â- Property
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 See also: Trust, Law, Count, Time, Term
  
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