This is the name given to a type of bank account (not a trust) established by a person who, upon the death of that person, passes to one or more other named persons without going through probate.
« Back to Glossary IndexThis is the name given to a type of bank account (not a trust) established by a person who, upon the death of that person, passes to one or more other named persons without going through probate.
« Back to Glossary Index