Totten trust

== English == === Etymology === Derived from Matter of Totten, 179 N.Y. 112 (1904), the case decided by the Court of Appeals of New York which established the legality of this practice. === Noun === Totten trust (plural Totten trusts) (law) A form of trust created where one party (the settlor 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. ==== Synonyms ==== Payable on Death account poor man's will tentative trust