totten trust การใช้

• The Totten trust is revocable, which means the funds can be shifted to other accounts, or closed completely.
• As with a Totten trust, name a family member, friend or executor as the beneficiary of a life insurance policy, not the funeral home.
• One option to prepaying expenses is a Totten trust, a " pay-on-death " savings account that is set up at a bank.
• The problem is that takes a lot longer to get money out of a life insurance policy than a Totten trust, so it may not help your heirs pay for final arrangements.