Law Dictionary

To search for a particular term please use the following search box.

testamentary account

deposited funds owned and controlled by an individual and invested in a revocable trust account, tentative or Totten trust account, payable-on-death account, or a similar account for which there is evidence of the intention that deposited funds will be paid to a named party at the time of the account owner's death.

Source : U.S. Department of the Treasury

Language : English

Return

Return to Law Dictionary Index