- 1. n. a savings account deposited by someone who makes themselves the trustee for a beneficiary and who controls it during their lifetime; afterward the balance is payable to the previously named beneficiary Source: wordnet
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Totten trust
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beneficiaryaccountafterwardbalancecontrolsdepositedlifetimenamedpayablepreviouslysavingssomeonetheirthemselvestrustee
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