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Community: Investing Wiki

Term Of The Hour

information revocable trusts: Original post by Linsay Evans of Demand Media The terms “Totten trusts” and “payable-on-death account” represent different names for the same thing: an informal revocable trust. Both Totten trusts and payable-on-death accounts are deposit accounts -- held at a bank, credit union, savings and loan or other financial institution -- that transfer to designated…

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