Financial Dictionary
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.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary
Main Entry:
Totten trustsee
TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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[tot-n] 
n