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Spendthrift Trust
A trust designed to prevent the beneficiary's creditors from accessing the trust funds, providing financial protection for the beneficiary.
Totten Trust
A Totten Trust is a type of informal trust account created by depositing funds into a bank account with a beneficiary designated to receive the balance upon the depositor's death.
Savings Account Trust
A trust account set up at a bank or financial institution, where money is held under a trust agreement for the benefit of the beneficiaries.
Intestacy Statutes
Laws that govern the distribution of a person's estate if they die without a valid will, determining how their assets are divided among surviving relatives.
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