English Dictionary

Totten trust

名詞

(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.

日本語の意味

信託設定者が銀行口座や証券に資金を預け、設定者の死亡時にその口座の残高等があらかじめ指定された受益者に移転される仕組み、つまり一種の信託という解釈ができる。

She named her sister as the beneficiary of her Totten trust, ensuring the bank account would pass directly to her upon death.

彼女は、自分の死亡時に口座残高が指定された受取人に移るように設定された預金口座型の信託で姉を受益者に指名し、預金が直接姉に渡るようにした。

意味（1）

(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.

Totten trusts （ plural ）