Global Information Lookup Global Information

Totten trust information


A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor" of the trust) places money in a bank account or security with instructions that upon the settlor's death, whatever is in that account will pass to a named beneficiary. For example, a Totten trust arises when a bank account is titled in the form "[depositor], in trust for [beneficiary]".

and 27 Related for: Totten trust information

Request time (Page generated in 0.8569 seconds.)

Totten trust

Last Update:

A Totten trust (also referred to as a "Payable on Death" account) is a form of trust in the United States in which one party (the settlor or "grantor"...

Word Count : 424

Resulting trust

Last Update:

A resulting trust is an implied trust that comes into existence by operation of law, where property is transferred to someone who pays nothing for it;...

Word Count : 1097

Totten

Last Update:

Totten may refer to: Totten (mountain), a mountain in Hemsedal, Norway Fort Totten (disambiguation) Totten Glacier, Antarctica Totten Inlet, Puget Sound...

Word Count : 243

Testator

Last Update:

or gift made in a will (see that article for types). Testamentary trust, a trust that is created in a will. A will is also known as a last will and testament...

Word Count : 313

Blind trust

Last Update:

A blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling....

Word Count : 504

Charitable trust

Last Update:

A charitable trust is an irrevocable trust established for charitable purposes. In some jurisdictions, it is a more specific term than "charitable organization"...

Word Count : 1333

Discretionary trust

Last Update:

In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements...

Word Count : 1368

Constructive trust

Last Update:

In trust law, a constructive trust is an equitable remedy imposed by a court to benefit a party that has been wrongfully deprived of its rights due to...

Word Count : 2515

Intestacy

Last Update:

statutory trusts (see below); parents; full-blood brothers and sisters, on the statutory trusts; half-blood brothers and sisters, on the statutory trusts; grandparents;...

Word Count : 1629

Letters of Administration

Last Update:

tax Related topics Advance directive (Living will) Blind trust Forced heirship Totten trust Other common law areas Contract Tort Property Criminal law...

Word Count : 209

Testamentary trust

Last Update:

A testamentary trust (sometimes referred to as a will trust or trust under will) is a trust which arises upon the death of the testator, and which is specified...

Word Count : 852

Express trust

Last Update:

In trust law, an express trust is a trust created "in express terms, and usually in writing, as distinguished from one inferred by the law from the conduct...

Word Count : 1393

Trustee

Last Update:

for anyone in a position of trust and so can refer to any individual who holds property, authority, or a position of trust or responsibility for the benefit...

Word Count : 1816

Slayer rule

Last Update:

manslaughter; 2) allowing victims to place the decedent's estate in constructive trust immediately from the time of the killing; and 3) allowing the victims to...

Word Count : 1573

Heir property

Last Update:

USDA. "Heirs Property and Generational Land Loss". The American College of Trust and Estate Counsel. Retrieved 2023-04-14. Rothstein, Leah. "Keeping wealth...

Word Count : 1552

Special needs trust

Last Update:

A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to...

Word Count : 766

Cestui que

Last Update:

relative novelty of a trust itself, before that English term became acceptable. The cestui que is the person for whose benefit (use) the trust is created. Any...

Word Count : 5193

Life interest

Last Update:

interest (or life rent in Scotland) is a form of right, usually under a trust, that lasts only for the lifetime of the person benefiting from that right...

Word Count : 212

Will and testament

Last Update:

password vaults Ethical will Trust law Henson trust Totten trust Will Aid Will contest Power of attorney Wills, Trusts, and Estates (Aspen, 7th Ed.,...

Word Count : 4439

Probate

Last Update:

deceased paid directly to a nominee is not part of the estate, nor are trust assets held by the deceased as trustee. Applications for probate are made...

Word Count : 4469

Ancillary administration

Last Update:

tax Related topics Advance directive (Living will) Blind trust Forced heirship Totten trust Other common law areas Contract Tort Property Criminal law...

Word Count : 216

Estate planning

Last Update:

and beneficiaries with incapacity. Estate planning may involve a will, trusts, beneficiary designations, powers of appointment, property ownership (for...

Word Count : 2840

Holographic will

Last Update:

283. "Md. Estates and Trusts Code Ann. § 4-103(b)". Annotated Code of Maryland. Retrieved 23 February 2021. "NY Est Pow & Trusts L § 3-2.2(d)". Hovanessian...

Word Count : 4525

Spendthrift trust

Last Update:

In trust law, a spendthrift trust is a trust that is created for the benefit of a person (often unable to control his/her spending) that gives an independent...

Word Count : 1629

Beach bum trust provision

Last Update:

A beach bum trust provision, in the law of trusts, ties the ability of a trust beneficiary to take from the trust to the beneficiary's own earnings. "Beach...

Word Count : 149

Residuary estate

Last Update:

tax Related topics Advance directive (Living will) Blind trust Forced heirship Totten trust Other common law areas Contract Tort Property Criminal law...

Word Count : 218

United States trust law

Last Update:

United States trust law is the body of law that regulates the legal instrument for holding wealth known as a trust. Most of the law regulating the creation...

Word Count : 9271

PDF Search Engine © AllGlobal.net