Totten trust Archives - Werner Law Firm

What Is a Totten Trust and Is It Right for You?

March 8, 2023 by Werner Law Firm

Over a hundred years ago, an appeals court in New York established that a person could create an account and name a beneficiary on it to receive the money held in the account upon the account holder’s death as an entirely revocable form of estate planning. This arrangement was tentatively named a Totten trust and …

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