Totten Trust

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Totten Trust

A trust into which the grantor places banking assets such as savings accounts and certificates of deposit while maintaining control of them. That is, the grantor maintains the ability to invest, profit from, or otherwise use the assets in the Totten trust. The assets in the Totten trust pass on to the beneficiary following the death of the grantor. However, because the grantor maintains the rights of ownership (though not ownership itself), the trust is subject to the estate tax.

Totten trust

A trust in which the assets are deposited for a beneficiary but the grantor has complete control of the trust, including the right to reclaim the assets. The assets pass to the beneficiary upon the death of the grantor but are taxed as part of the grantor's estate.

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Transfer on Death Transferable-on-Death			85) Although the Totten trust and the life reservation allow a form of the future gift, both have a limited application. Past and future: attempts to prospectively alienate property by Tymoczko, Alexei / The Journal of High Technology Law Fortunately, several years prior to their deaths, I had convinced my parents to retitle all of their investments and bank accounts with what is called a Totten Trust. To probate or not to probate by Bower, Gerri Thieme / Countryside & Small Stock Journal Another frequently used tool to simplify estate administration is the Totten trust, which is a joint bank or savings account with right of survivorship maintained under the owner's control (and, thus, revocable until death) that ultimately passes to a designated beneficiary independent of the decedent's will. Determining whether lifetime gifts should be made in trust by Ellentuck, Albert B. / The Tax Adviser			Total Capitalization Total Cost Total Cost of Ownership Total Debt to Total Assets Total debt-to-equity ratio Total Dollar Return Total Enterprise Value Total Expense Ratio Total Interest Payments total inventory Total Liabilities Total Loss Only Insurance Total Market Capitalization Total Reserves total return Total Return for Calendar Year Total Return Index Total Return Swap Total Revenue Total Risk Total Utility Total Volume Totalmente distribuida Totalmente invertido Tote a Note Totten Trust Touch, the Touchline Tough on price Tour of Duty Tourist Baggage Insurance Tout Towing Insurance Town Check Town Clearing town house or townhome Town Marker township Toxic assets Toxic Convertible toxic mold Toxic Waste Toxin Toyoo Guyohten TP TPSC TR Trabalho em andamento Tracers Tracker Mortgage Tracking Error			Totonac Indians Totonacapan Totonacs Totonicapan Totovents, Vaan Totovents, Vaan Oganesovich Totowa Totowa, New Jersey TOTP TOTPD TOTPL TOTR TOTRA TotRM tots tots tots tots TOTS Fantasy Football League TotSC TOTSE totsiens TOTSOL TOTSOTTIATT TOTT totted totted totted Tottel, Richard Totten Trust Totten Trusts Totten Trusts Totten Trusts Tottenham Court Road Tottenham Green Enterprise Centre Tottenham Hotspur Football Club Tottenham Independent Supporters' Association Tottenham Till I Die Tottenville High School totter totter totter Totterdown and Knowle LETS Totterdown Residents' Environmental and Social Association tottered tottered totterer totterer totterers totterers tottering tottering Totteringly totters totters totters tottery tottery tottie Totties

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